| * Chinese economy grows 7.7% in Q1 * Maduro wins tight Venezuela election * India inflation eases * Zoomlion stalls amid slowing China growth * China Stocks Drop 10% From February High as Data Miss Estimates * Egypt stalls on IMF terms, no deal seen -diplomats * Venezuela's Default Swaps Jump After Maduro Elected by One Point * Norilsk profits fall risks hurting Rusal * Israel eyes gas exports to neighbours * 'War of lists' chills US-Russia ties * Yield hunt boosts Asian junk debt Markets: down Chinese economy grows 7.7% in Q1
China's economy grew 7.7 per cent in the first quarter of 2013 compared to a year earlier, a surprising slowdown that underlines the challenges facing its new leaders as they try to keep growth on track while also pursuing deeper economic reforms.
http://www.ft.com/intl/cms/s/0/4a64e738-a570-11e2-a94c-00144feabdc0.html Maduro wins tight Venezuela election
Nicolás Maduro, who took over Venezuela's presidency after Hugo Chávez died six weeks ago, will continue his mentor's legacy for six more years after winning Sunday's presidential election by an unexpectedly narrow margin.
http://www.ft.com/cms/s/0/4a572fa4-a588-11e2-b7dc-00144feabdc0.html India inflation eases
Inflation is finally slowing in India – good news for consumers, and for policy makers looking for room to cut rates.
http://blogs.ft.com/beyond-brics/2013/04/15/snap-india-inflation-eases/ Zoomlion stalls amid slowing China growth
A tumble in Zoomlion's shares has highlighted the hit that Chinese machinery makers are taking from slowing Chinese growth and strengthening competition from Japanese rivals.
http://www.ft.com/cms/s/0/da7d1d9c-a5a0-11e2-9b77-00144feabdc0.html China Stocks Drop 10% From February High as Data Miss Estimates
China's stocks fell, dragging the Shanghai Composite (SHCOMP) Index down by 10 percent from its February high, as data on the nation's economic growth and industrial production missed estimates.
http://www.bloomberg.com/news/2013-04-15/china-s-stocks-decline-before-growth-industrial-output-data.html Egypt stalls on IMF terms, no deal seen -diplomats
Egypt is stalling on the terms of a $4.8 billion International Monetary Fund loan to help it fight a deepening economic crisis, and no deal is likely while an IMF team is in Cairo, diplomats said on Sunday.
http://www.reuters.com/article/2013/04/15/egypt-imf-idUSL5N0D20H420130415 Venezuela's Default Swaps Jump After Maduro Elected by One Point
The cost of insuring Venezuela's debt against default rose and bonds fell after ex-President Hugo Chavez's handpicked successor, Nicolas Maduro, won emergency elections by one percentage point over opposition candidate Henrique Capriles.
http://www.bloomberg.com/news/2013-04-15/venezuela-bonds-drop-after-maduro-elected-president-by-one-point.html Norilsk profits fall risks hurting Rusal
Stagnation in the metals sector and low world prices were brought into sharp relief as Norilsk Nickel announced a 41 per cent fall in net profits to $2.14bn for 2012. Russia's largest mining company and the world's biggest nickel and palladium miner announced the drop on Friday, exceeding analysts' expectations of a 20 per cent fall, to $2.89bn.
http://www.ft.com/cms/s/0/ffbfea3e-a51a-11e2-a94c-00144feabdc0.html
Israel eyes gas exports to neighbours
A leading investor in Israel's natural gas sector said initial talks were under way on exporting some of the country's abundant offshore reserves to Turkey, Jordan, Egypt, and a proposed power plant in the West Bank.
http://www.ft.com/cms/s/0/a77f07d6-a508-11e2-8777-00144feabdc0.html 'War of lists' chills US-Russia ties
Tit-for-tat bans on US and Russian officials travelling between the countries have plunged relations between Moscow and Washington to a new low on the eve of a high-level US visit to Russia's capital.
http://www.ft.com/intl/cms/s/0/454dde98-a51c-11e2-a94c-00144feabdc0.html Yield hunt boosts Asian junk debt
It may only be April, but the global hunt for income has led to so much demand for high-yielding Asian debt that 2013 is already a record year for issuance. Junk-rated borrowers have so far raised $18.1bn in the market this year, bettering the previous full-year high of $16.2bn set in 2010, according to data from Dealogic.
http://www.ft.com/cms/s/0/e55065c8-a4e0-11e2-a94c-00144feabdc0.html Emerging Markets
MSCI Emerging Market Index down -0.89% at 1,011 Europe
FTSE down -1.22% at 6,306
RTS down -3.21% at 1,360
Warsaw Wig down -1.89% at 44,663
FTSE 300 Eurotop down -1.09% at 1,169 Americas
DJIA down 0.00% at 14,865
S&P 500 down -0.28% at 1,589
Bovespa down -0.79% at 54,963 Asia
Nikkei 225 down -1.55% at 13,276
Topix down -1.27% at 1,134
Hang Seng down -1.43% at 21,773
Shanghai Composite down -1.13% at 2,182
MSCI Asia ex-Japan down -0.65% at 468.84
S&P CNX Nifty Index up +0.72% at 5,568 Currencies
€/$ 1.31 (1.31)
$/¥ 97.92 (97.70) Commodities
Brent Crude (ICE) down -2.56 at 100.55
Light Crude (Nymex) down -2.99 at 88.30
100 Oz Gold (Comex) down -86.00 at 1,415 | 
