DAILY

30th September 2013

PSI20: -0.78% DAX30: -0.78% FTSE100: -0.77% S&P500: -0.60% NIKKEI225: -2.06%

Statistics Portugal (INE) released Portuguese PMI data, showing a 0.6% YOY increase in August and a 8.3% one since the previous month. More >> Portuguese yields fell over all maturities, after the President of the European Commission stated that there is no second bailout program being prepared for the country. More >> The Portuguese index fell, following the trend of the other European markets, due to the fear that USA may not be able to finance themselves for non-essential goods. More >> European stocks declined the most in a month, trimming the best quarter in four years, as the U.S. faced a government shutdown and Italian Prime Minister Enrico Letta fought to save his administration. More>> Banks are set to face a broad international leverage limit that will catch off-balance sheet risks and prevent them from hiding their debt, according to the Basel Committee Banking Supervision. More>> Italys political chaos could spell further elections, market uncertainty and economic turmoil, analysts warn. PM said he wanted to avoid elections under the current widely criticized voting system More>>

Stocks finished sharply lower, as the budget impasse in Washington threatened the first government shutdown in nearly 17 years, but major indexes still capped a rocky month and quarter with robust gains. A government shutdown could involve federal employees facing unpaid temporary leave. More>> Twitter wants to list its shares within a few months, but a government shutdown would include the SEC and might interfere with those plans. Twitter announced last week that it had confidentially filed a prospectus for an IPO. More>>

Japanese shares led a broad sell-off across Asia on Monday after Chinese factory data cast doubt on the strength of the mainland's recovery. More>> A Chinese manufacturing index rose less expected in September, unexpectedly weakening from a preliminary estimate in a result that casts doubt on the strength of the economys rebound. More>> Japanese savers are poised to pump $690 billion into stocks to benefit from new tax breaks as the government tries to avert a retirement cash crunch in the nation. More>>

GOLD (1328.20 $/oz t; -0.93%) and SILVER (21.697 $/oz t; -0.63%): Gold and Silver prices edged lower as market sentiment was hit amid growing fears over a possible U.S. government shutdown, which repelled investors away from risk-on assets. More Gold>> More Silver>> CORN (441.88 $/bu; -2.59%) and SOYBEANS (1281.38 $/bu; -2.94%): Corn futures plunged to a threeyear low after the U.S. Department of Agriculture boosted its inventory estimate by 25 percent and Soybeans dropped the most in six months as supplies topped analyst estimates by 11 percent. More>>

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