Markets pm: Global stocks at cyclical highs, Apple launches bigg...
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Markets afternoon briefing
Tuesday April 30 2013
Markets
Global stocks at cyclical highs
Risk appetite increases ahead of central bank meetings, while investors are also cheered by Italy's coalition government and easing eurozone tensions
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/RPMDEK/E4/h?a1=2013&a2=4&a3=30
Apple launches biggest US corporate bond
While the total size of the borrowing is still being worked out, it is set to be somewhere between $10bn and $15bn, possibly making it biggest US corporate bond
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/XBDSFQ/E4/h?a1=2013&a2=4&a3=30
Lloyds tops FTSE on profit guidance
Traders across global markets continue to expect rate cut from European Central Bank at its meeting on Thursday, after more weak data from eurozone
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/873H8G/E4/h?a1=2013&a2=4&a3=30
More ECB 'shock and awe' tactics needed
An expected cut in interest rates on Thursday by the European Central Bank will not be enough to restart growth while bond markets remain quiescent
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/SU5YQX/E4/h?a1=2013&a2=4&a3=30
New oil sanctions start to bite Iran
The west has tightened its sanctions in April that will largely prevent Tehran repatriating oil revenues from its big Asian customers
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/A5UGOO/E4/h?a1=2013&a2=4&a3=30
OTC trading reform threatens Asian markets
Banking executives and regulators fear that an overhaul of clearing and reporting rules could fracture the region's derivatives trading
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/OFAWDW/E4/h?a1=2013&a2=4&a3=30
Euro falls against dollar on jobless high
Many analysts and investors expect European Central Bank to cut interest rates when it meets on Thursday to help stimulate struggling eurozone economy
http://link.ft.com/r/J0VG55/FD3514/40S17Y/YBUO4P/20931P/E4/h?a1=2013&a2=4&a3=30
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