financial times: Markets pm: Global stocks inch to fresh high, Listen to what gol...

If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/G8OTZZ/T1WXXO/6PU2LK/KEOMFH/

Markets afternoon briefing
Monday May 20 2013

How useful are FT email briefings to you and what can we do to improve them? Take our short survey

Markets

Global stocks inch to fresh high

Equity markets mixed after Nikkei shrugs off burst of yen strength and Wall Street pulls back from record levels
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/VTKIED/1G/h?a1=2013&a2=5&a3=20

Listen to what gold is really telling us

Gold is like Apple or Facebook – a powerful brand whose valuation has become completely divorced from its intrinsic attributes, says Mohamed El-Erian
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/3CJN3J/1G/h?a1=2013&a2=5&a3=20

EU oil probe widens to trading houses

The European Commission in recent days sent requests for information to at least Swiss-based commodities titans Glencore and Mercuia
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/HI6CVA/1G/h?a1=2013&a2=5&a3=20

Gold tumbles as silver hits 2½-year low

The grey metal and gold fall to the lowest level since September 2010 on reports of a large sell order in early Asian trading, amid thin trading volumes
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/87PLTG/1G/h?a1=2013&a2=5&a3=20

Aussie dollar parity lost as cracks deepen

As the Australian dollar nears one-year lows, analysts suggest the currency may be facing a more permanent adjustment and has further to fall
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/K9CAZ2/1G/h?a1=2013&a2=5&a3=20

Dollar pares gains on profit-taking

Yen rises after Akira Amari, Japan's economy minister, said if currency weakened much further it could have a negative impact on the economy
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/6ANU1U/1G/h?a1=2013&a2=5&a3=20

Tougher times for trading titans

Trading houses' profits have been falling as the industry faces rising competition, transparency and an adverse trading environment
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/K9CAZ7/1G/h?a1=2013&a2=5&a3=20

Silver's slide hits commodity stocks

Fresnillo among the biggest fallers as gold and silver stocks lag behind a sustained rally on the FTSE 100, which ticked 11 points higher
http://link.ft.com/r/G8OTZZ/NR6BTY/A7P8KJ/ZGLBIH/OFZ544/1G/h?a1=2013&a2=5&a3=20

Tools
Your account		Portfolio
Email Briefings		Price alerts
Keyword alerts		RSS feeds
Subscribe to FT.com

ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com
Change Briefings • Unsubscribe • Change Email Address • Forward this email to a friend • Privacy Policy • About Us • Help

This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..