daily 27.05.2013
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7/30/2019 Daily 27.05.2013
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DAILY
27th May 2013
• GOLD (1394.45 $/oz t; +0.62%): Gold rose on Monday, extending its gains after its strongest week in amonth, as the dollar slipped and European stock markets steadied, while physical buying remainedstrong in Asia.
• NATURAL GAS (4.333 $/MMBtu; +1.88%): Natural gas futures rallied to a four-week high on Monday,as prices were boosted by a warmer-than-normal weather outlook that was expected to increase demand
for the fuel.
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PSI20:+0.76% DAX30:+0.98% FTSE100:CLOSED S&P500:CLOSED NIKKEI225:-3.22%
• Japan's stock market went on another wild ride on Monday as the benchmark Nikkei index tumbled asmuch as 4 percent before paring losses in a third day of volatile trade. Losses were underpinned by uncertainty in the Japanese government bond (JGB) market.
• China's industrial profits growth quickened in April from the previous month, though the government
noted that the pickup was due mainly to a low comparative base, indicating that the world's secondlargest economy still faces slack domestic and external demand.
• A low activity level was registered this Monday in the U.S., since stock markets were closed, as thecountry celebrated Memorial Day.
• Valeant Pharmaceuticals International, Canada’s largest drug maker, agreed to buy Bausch & LombHoldings, owned by Warburg Pincus LLC, for about $8.7 billion in cash and loans to repay debt.
• In the upcoming week, markets will be focused on the economy and whether there's any sign it is gettingstrong enough to lead the FED to start pulling back the security blanket of quantitative easing.
• European stocks rose, rebounding from their first weekly loss in more than a month, as carmakers andtechnology companies gained.
• Property prices in UK rose by the most in six years in May, fueling concerns that loose monetary policy and a plan to make home buying more affordable may lead to a new housing bubble.
• A majority of EU governments oppose a plan to impose hefty duties on solar panel imports from China.The European Commission, the EU's executive, accuses Chinese firms of “dumping”.
• The EU may consider giving Portugal more time to meet its deficit targets if economic conditions worsen,Jeroen Dijsselbloem, head of the group of euro-area finance ministers, said.
• Krugman opposes to what troika and the Government are doing in Portugal. It is impossible toimplement structural reforms with rising unemployment, he said.
• PSI 20 closed with gains, aligned with European partners. Banking sector had great contribution to thisrise, together with the heavy energy sector in the index.