US stocks rally on earnings; Dow tops 17,000

U.S. stocks rose on Tuesday, with the Dow extending gains into a fourth day and the S&P 500 and
Nasdaq Composite higher on the month, as investors embraced corporate earnings, a rise in consumer
sentiment and anticipated the end of the Federal Reserve's bond buys.

US to Become #1 Oil Producer
Shale fracking is setting up the US to beat Saudi Arabia, and Russia, as a top oil producer soon. The US is
expected to produce 9.6 million barrels of oil per day by 2019.




GOLD ($1,228.80/oz t, -0.04%): Gold prices traded flat on Tuesday, giving back gains from mixed U.S. data
that had softened the dollar, which trades inversely with the yellow metal. More >>
OIL (WTI: $81.48/bl, +0.60%; BRENT: $86.21/bl, +0.44%): An upbeat U.S. consumer confidence report
offset softer-than-expected data on U.S. durable goods and sent oil prices firming on Tuesday by stoking
hopes a more robust economy will consume more fuel and energy moving forward. More >>

NATURAL GAS ($3,736/MmBtu, +2.72%): Natural gas prices shot up on Tuesday after updated weather-
forecasting models predicted cold Canadian air to make its way south in the lower 48 states. More >>

DAILY BRIEFS
Europe closes firmly higher; Sanofi plummets
European stocks ended the day firmly in positive territory on Tuesday regaining some of Monday's losses,
as investors reacted to third-quarter earnings and prepared for a key monetary policy decision in the U.S.

UBS Rises as Investors Bet Legal Challenges May Ease
Switzerlands biggest bank, UBS, rose in Zurich trading after the bank set aside 1.84 billion Swiss francs for
litigation provisions, easing investor concern about the future cost of legal challenges. The bank reported
an increase in net income in the third-quarter of 762 million francs.

PSI-20 rose 2.19% driven by PT, Mota-Engil and BCP gains
After two days on red zone, the Portuguese stocks follow the European Indexes upward trend, majorly
benefiting by gains in BCP, PT and Mota-Engil.

Mota-Engil jumps more than 7.5% after ensuring a $1.5b project
Mota-Engils shares closed today session boosting 7.54% after the company announced the winning of a
touristic project in Mexico worth $1.5 billion.

28
TH
OCTOBER 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: +2.19% DAX30: +1.86% FTSE100: +0.61% S&P500: +1.19% NIKKEI225: -0.38%
Nikkei dips as investors await Fed decision; retailers rise
Japanese stocks slipped on Tuesday as investors awaited the outcome of the Federal Reserve's two-day
policy meeting, but retailers bucked the trend on stronger-than-expected sales growth

Chinas State Council has ordered the merger of its two biggest trainmakers
Chinas plan to merge its two biggest trainmakers may allow the country to win more overseas orders
with improved and cheaper offerings, increasing pressure on rivals including Siemens AG, Alstom SA and
Bombardier Inc.