U.S. stocks rose on Wednesday, lifting the S&P 500 into uncharted territory, after a measure of the U.S.

services sector climbed more than expected in May, helping to smooth a contrarian report that had
private-sector job creation failing to live up to expectations. More >>
Service industries in the U.S. expanded in May at the fastest pace in nine months, as investors await
government payroll data for signals on the pace of Federal Reserve stimulus cuts. Treasuries touched the
lowest level in three weeks before the European Central Banks rate decision tomorrow. More >>


NATURAL GAS (4.640/MmBtu, +0.37%): Natural Gas rose as demand increased owing to boost in its use
over coal as an alternative more efficient energy source for power plants. More >>

COPPER ($3.089/lb; -1.59%): Copper fell the most in five weeks in New York as signs of slowing economic
growth in Europe fueled demand concerns. More >>

COFFEE ($169.43/lb, -0.85%): Coffee futures entered a bear market after rains eased drought damage for
plants in Brazil, the worlds top producer and exporter. More >>
DAILY
European stocks closed mixed with reports showing different perspectives. Investors are still waiting for
Draghis announcement next Thursday. More >>
In a report, Eurostat said that GDP rose to a seasonally adjusted 0.2%, the same rate as the preceding
quarter. This results were afterwards in line with analysts expectations. More >>
Growth in business activity in the euro zone fell slightly in May from the month before but still expanded,
with the region on course for its best quarter for three years. More >>
The PSI-20 Index closed higher, boosted by gains of BCP and BES, in a day of losses among the major
European indices, as investors await the decisions of the ECB on Thursdays meeting. More >>
JP Morgan sold holds of more than 2% in EDP and reduced its stake to 1.505%. The bank sold a block of
22.5 million shares, which had been purchased less than two weeks before. More >>
Sonae SGPS has announced the final terms of the offering of convertible bonds: the initial conversion
price was set at 1,726. 210.5 million in bonds will be issued with a fixed coupon of 1.625%. More >>
4
th
June 2014
DISCLAIMER: Daily Briefs contains a summary of financial news covered on conventional news services around the world. Daily Briefs coverage of subjects is based on the
whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.
PSI20: +0.54% DAX30: +0.07% FTSE100: -0.26% S&P500: +0.19% NIKKEI225: +0.22%
Asian stocks fell, with the regional benchmark index retreating from a seven-month high, as investors
await a report on U.S. jobs and a decision from the European Central Bank on monetary policy. More >>
China will soon ends tariffs and quotas on exports of rare earths after a World Trade Organization panel
found the rules discriminatory, citing a person with direct knowledge of the matter. More >>
Australia's economy is back on a growth path after it registered a 1.1 per cent gross domestic products
(GDP) growth rate for the first quarter of 2013. More >>