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DAILY 1st October 2013

OIL (WTI 101.59 $/bl; -0.75% / Brent 107.69 $/bl; -0.54%): Oil prices fell as the U.S. government began its

first partial shutdown in 17 years, threatening to slow the economy and curb fuel use. More>> 

GOLD (1288.60 $/oz t; -3.04%): Gold prices dropped, on bets that a U.S. government closure will be

short-lived, damping demand for the metal as a haven. More >> 

CORN (439.50 $/bu; -0.54%): Corn prices traded at a three-year low after the U.S. Department of 

Agriculture projected a bigger harvest this autumn than analysts had expected. More>> 

DISCLAIMER:Daily Briefs contains a summary of financial news covered on conventional news services around the world. Daily Briefs coverage of subjects is based

whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.

PSI20: +0.49% DAX30: +1.10% FTSE100: -0.03% S&P500: +0.80% NIKKEI225: +0.20% 

Asian stocks held onto modest gains on Tuesday after the U.S. Congress failed to reach a compromise on

a government spending bill, leading to the first partial federal shutdown since 1996. 

More>> 

Business sentiment in Japan rose to its highest level in almost six years in the September quarter, the

closely-watched Tankan survey showed, a good sign for Prime Minister Shinzo Abe. More>> 

Australia’s central bank left its benchmark interest rate unchanged at a record low, saying earlier cuts are

still filtering through the economy and already driving up asset prices. More>> 

Stocks started the month with modest gains, recovering from a recent string of declines, as investors

seemed to shrug off the first partial government shutdown since 1996. More>> 

The U.S. manufacturing sector expanded at its fastest pace in almost 2-1/2 years. The ISM said its index of 

national factory activity rose to 56.2 in Sep. from 55.7 in Aug., marking its highest since 2011. More>> 

Carl Icahn, who disclosed a $1 billion stake in Apple in August, said he had dinner with Chief Executive

Officer Tim Cook and “pushed hard” for a $150 billion share buyback.  More>> 

European stocks climbed, rebounding from their biggest decline in a month, as investors assessed the

impact of a partial shutdown of the U.S. government. More>> 

Manufacturing output in the euro zone fell in September, according to the latest data from Markit. The

manufacturing purchasing PMI fell to 51.1 in September, down from 51.4 in August. More>> 

 

The euro zone’s unemployment rate held steady at 12% in August, amid concerns over the impact of the

region’s debt crisis on growth, official data showed on Tuesday.  More>> 

Despite the decision of the American Congress, the Portuguese index rose,. Sonae SGPS and Mota-Engil

reached the highest level since 2010. More >> 

Portuguese revised unemployment data released by Eurostat showed a decline on this rate, from 16.6% in

July to 16.5% in August.  More >> 

Statistics Portugal (INE) revised its Portuguese GDP forecast, with a one billion euros increase from its

previous estimate. More >>