Markets pm: Stocks steady as rally momentum fades, Japan investo...
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Markets afternoon briefing
Tuesday May 14 2013
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Markets
Stocks steady as rally momentum fades
Stocks steady after an unexpected rise in US retail sales bolsters confidence in US economy, but Nikkei takes a breather as yen's fall stalls
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/87P9BT/GX/h?a1=2013&a2=5&a3=14
Japan investors ask how far rally can go
The falling yen has helped the Nikkei and Topix indices to a 40% gain so far this year, far better than other major equity markets
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/3CJDUP/GX/h?a1=2013&a2=5&a3=14
Utilities lifted by Severn Trent approach
Borealis, Kuwait Investment Office and Universities Superannuation Scheme named as suitors, while resource stocks are knocked by profit-taking
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/20SKPF/GX/h?a1=2013&a2=5&a3=14
Market cultures clash in Istanbul
Western regulatory prescriptions, such as requiring more collateral in financial trades and bigger capital cushions at banks, do not suit all
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/WHD7SI/GX/h?a1=2013&a2=5&a3=14
IEA predicts more growth in US oil supply
The impact of the shale revolution is made clear in the latest outlook by the energy watchdog, with it forecasting growth in North American supply
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/FDGPVV/GX/h?a1=2013&a2=5&a3=14
FCStone to take control of Cleartrade
US futures broker pushes into Asia with deal to acquire up to 90% equity interest over five years in start-up Singapore-based commodities bourse
http://link.ft.com/r/S4XZQQ/7ZQ0GM/ZBYFC4/SPJI4A/IEOLZ7/GX/h?a1=2013&a2=5&a3=14
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