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Financial Times
beyondbrics



New York headlines

*China: property prices rising (again)
*Thai minister renews rate cut call after disappointing Q1 data
* H&M rethinks sourcing policy in wake of Bangladesh disaster
* Berlin warns EU over solar tariffs stance
*Tunisian police fire teargas to prevent hardline Islamist rally
* Syrian troops move to reclaim Qusair from rebels
*Iran hangs two men for spying for US and Israel
* Gautam Adani bullish on prospects for India energy
* China Railway plans bond auction

Markets: mostly up

China: property prices rising (again) Official numbers for house prices released on Monday confirmed what private sector statistics told us last week – China's property boom is back, and it's moving at a rapid clip. ../2013/05/20/china-property-prices-rising-again/

Thai minister renews rate cut call after disappointing
Q1 data Thailand's finance minister said on Monday he was worried about the economy after a weaker-than-expected first quarter and that he still wanted an interest rate cut. The economy contracted 2.2 per cent in the January to March period from the previous quarter – largely due to sluggish domestic demand and exports – although it grew 5.3 per cent on an annualised basis. http://www.ft.com/cms/s/0/3772108c-c100-11e2-8c63-0

H&M rethinks sourcing policy in wake of Bangladesh disaster
Hennes & Mauritz is exploring sourcing clothes from Latin America and Africa for the first time as the world's second-largest fashion retailer rethinks its production strategy following the Bangladesh factory collapse that killed more than 1,200 people.http://on.ft.com/16I865J

Berlin warns EU over solar tariffs stance Germany's vice-chancellor and economy minister put Berlin on a collision course with Brussels by warning that imposing anti-dumping duties on solar panels from China would be a "grave mistake". http://www.ft.com/cms/s/0/063fefec-c0a2-11e2-8c63-00144feab7de.html

Tunisian police fire teargas to prevent hardline Islamist rally
Tunisia signalled its determination to crack down on radical Islamists as police fired shots in the air and used teargas to stop supporters of a hardline group holding a rally.http://on.ft.com/14mbz67

Syrian troops move to reclaim Qusair from rebels
Syrian government forces launched an assault on the strategic rebel stronghold of Qusair on Sunday, the boldest move yet in the regime's recent fightback in central Syrian regions bordering Lebanon.http://on.ft.com/14mbP5e

Iran hangs two men for spying for US and Israel
Iranian authorities hanged two men on Sunday who had been found guilty of spying for the US and Israeli intelligence services.
http://www.ft.com/cms/s/0/d67be2ba-c089-11e2-aa8e-00144feab7de.html

Gautam Adani bullish on prospects for India energy
India is close to striking a political deal to end a major component of a long-running crisis over coal imports that has crippled the country's power sector and undermined overall economic growth, prominent industrialist Gautam Adani has said.
http://on.ft.com/14mbW0p

China Railway plans bond auction
The newly formed China Railway Corporation will make its capital market debut with the sale of Rmb20bn ($3.25bn) in bonds this week, raising funds that are needed to get the country's ambitious railway plans back in gear.
http://on.ft.com/11QdiU4

Emerging Markets
MSCI Emerging Market Index up +0.20% at 1,048

Europe
FTSE up -0.02% at 6,722
RTS up +0.93% at 1,418
Warsaw Wig up +0.83% at 46,460
FTSE 300 Eurotop up +0.09% at 1,249

Americas
DJIA up +0.80% at 15,354
S&P 500 up +1.03% at 1,667
Bovespa up +0.72% at 55,164

Asia
Nikkei 225 up +1.47% at 15,361
Topix up +1.30% at 1,270
Hang Seng up +1.78% at 23,493
Shanghai Composite up +0.75% at 2,300
MSCI Asia ex-Japan up +0.73% at 479.63
CNX Nifty down -0.49% at 6,157

Currencies
€/$ 1.29 (1.28)
$/¥ 102.68 (103.01)

Commodities
Brent Crude (ICE) down -0.61 at 104.03
Light Crude (Nymex) down -0.60 at 95.42
100 Oz Gold (Comex) down -16.90 at 1,348

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