DAILY 

18th September 2013

OIL (WTI 107.46 $/bl; +2.63% / Brent 110.69 $/bl; +2.73%) and GOLD (1361.7 $/oz t; +4.23%): Oil and

gold rose after the Fed unexpectedly refrained from reducing the pace of monthly bond purchases,

increasing demand for the metal as a store of value. More on Oil>> More on Gold>> 

WHEAT (645.50 $/bu; +0.47%): Wheat futures rose for a second day on signs of improved demand for

U.S. exports after prices touched a 14-month low. Wheat inspected for export jumped 56 percent to

46.024 million bushels in the week ended Sept. 12 from a year earlier. 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: +0.60% DAX30: +0.45% FTSE100: -0.17% S&P500: +1.22% NIKKEI225: +1.35% 

Japan's Nikkei index climbed to a two-month high, while both the Shanghai Composite and Indian stocks

erased earlier losses to post modest gains. More>> 

Japanese gold retailers are preparing for an acceleration in consumer purchases in the next six months if 

a planned sales-tax increase is carried out as part of the government’s policy to end deflation . More>> 

The rupee has rebounded in recent weeks, after Raghuram Rajan, the new central bank governor,

promised financial sector reforms . More>> 

Stocks finished sharply higher, with the Dow and S&P 500 logging fresh highs, after the Fed surprised

Wall Street by keeping its $85 billion-a-month bond-buying program intact. The Fed also downgraded its

outlook for the economy, now expecting GDP growth tol be in the 2% to 2.3%. More>> 

Builders began work on fewer U.S. homes than projected in August, helping explain why Fed policy

makers decided to maintain its stimulus program. Housing starts rose 0.9% to a 891,000 annual rate,

following the prior month’s 883,000 pace that was weaker than previously estimated . More>> 

European stocks advanced, sending the Stoxx Europe 600 Index near a five-year high, as investors

awaited the Federal Reserve’s decision on reducing monthly bond purchases.  More>> 

EU regulators proposed rules on setting commodity and interest-rate benchmarks that baked away from

their earlier plans for sweeping EU oversight of the multi-trillion-euro markets. More>> 

Hungary filed to issue as much as $5 billion of bonds in the U.S. as the European Union’s most -indebted

eastern nation prepares to follow other emerging-market issuers seeking international funding. More>> 

S&P changed the outlook of the Portuguese BB rating to negative, considering that there is a 50%

probability of downgrade, given the uncertainty related to a second bailout program. More >> 

PSI 20 rose, following the European trend, as investors awaited the Federal Reserve ’s decision on pulling

back its quantitative easing program. More >> 

The Portuguese treasury issued 500 and 750 million euros of 3 and 18-month bonds, respectively, with

investors requiring higher yields than in the previous auction. More >>