| * Chinese inflation slows sharply in March * Sundance calls off takeover by Hanlong * Emerging markets' thirst for coffee jumps * Hungarian central banker resigns * Putin's Europe tour dogged by protests * People's Daily lauds Iron Lady Markets: up Chinese inflation slows sharply in March Chinese inflation slowed sharply in March as food prices fell in the wake of the country's New Year holiday and the central bank drained cash from the economy. http://www.ft.com/intl/cms/s/0/0c6f878e-a0b2-11e2-88b6-00144feabdc0.html Sundance calls off takeover by Hanlong The protracted A$1.4bn (US$1.45bn) takeover tussle for Sundance Resources has finally come to an end, with the Australian-listed junior miner calling off its deal to sell itself to Hanlong Mining after the Chinese company missed funding deadlines. http://www.ft.com/intl/cms/s/0/495d415c-a041-11e2-a6e1-00144feabdc0.html Emerging markets' thirst for coffee jumps Coffee consumption in emerging markets jumped 10 per cent in 2012, one of the largest increases on record. http://www.ft.com/intl/cms/s/0/22f0707e-a05b-11e2-a6e1-00144feabdc0.html Hungarian central banker resigns A deputy governor of Hungary's central bank resigned on Monday, warning that the bank's new management team had insufficient qualifications and experience for the job. http://www.ft.com/intl/cms/s/0/dffc8d32-a070-11e2-88b6-00144feabdc0.html Putin's Europe tour dogged by protests Russian president Vladimir Putin's tour through northern Germany and the Netherlands on Monday produced the expected celebrations of bilateral commercial relations, along with several provocative human-rights protests. http://www.ft.com/intl/cms/s/0/a889b5be-a052-11e2-a6e1-00144feabdc0.html People's Daily lauds Iron Lady Margaret Thatcher, who died on Monday, was more popular abroad than she was at home – and the emerging markets were no exception. Beijing had a particularly soft spot for her after she agreed to hand back Hong Kong to China without much fuss under the 1984 Sino-British joint declaration. http://blogs.ft.com/beyond-brics/2013/04/09/peoples-daily-lauds-iron-lady/ Emerging Markets MSCI Emerging Market Index up +0.35% at 1,011 Americas DJIA up +0.33% at 14,613 S&P 500 up +0.63% at 1,563 Bovespa up +0.08% at 55,092 Asia Nikkei 225 up +0.05% at 13,199 Topix down -0.51% at 1,096 Hang Seng up +0.92% at 21,918 Shanghai Composite up +0.44% at 2,221 MSCI Asia ex-Japan up +0.57% at 529.47 S&P CNX Nifty Index up +0.41% at 5,566 Currencies €/$ 1.30 (1.30) $/¥ 99.26 (99.35) Commodities Brent Crude (ICE) up +0.53 at 105.19 Light Crude (Nymex) up +0.25 at 93.61 100 Oz Gold (Comex) up +1.90 at 1,574 |