Markets pm: Stocks rally but China concerns linger, Gold falls s...
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Markets afternoon briefing
Wednesday June 26 2013
Markets
Stocks rally but China concerns linger
Equities markets in Shanghai and Tokyo have seen further declines, but other markets rally on relative optimism over the US economy
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/A5TO71/ZH/h?a1=2013&a2=6&a3=26
Gold falls sharply on strong US data
Yellow metal falls to its lowest level in nearly three years as economic data reinforce the belief the Fed will taper bond purchases soon
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/K924EA/ZH/h?a1=2013&a2=6&a3=26
Greece shows need for bankruptcy code
Those involved in sovereign debt restructuring could learn a lot from the US corporate bankruptcy process, writes Komal Sri Kumar
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/JQV5IA/ZH/h?a1=2013&a2=6&a3=26
Fugitive financier Marc Rich dies
Marc Rich, who was pardoned by Bill Clinton on his last day as US president in January 2001 after being indicted of tax evasion, dies in Switzerland
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/4VNT0J/ZH/h?a1=2013&a2=6&a3=26
CME among winners of market turbulence
The global derivatives exchange is one of a select number of companies enjoying haven status, with its shares jumping 19% since May 21
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/1OJU8S/ZH/h?a1=2013&a2=6&a3=26
Citi, HSBC to sell mutual funds in China
Both banks will now be able to offer fund products designed by local fund managers to retail, corporate and institutional clients
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/MJZX9Z/ZH/h?a1=2013&a2=6&a3=26
Financials venture to the top of the FTSE
Financial stocks lead the gains in London, keeping the FTSE 100 higher and offsetting losses incurred by metals and mining stocks
http://link.ft.com/r/IOCBMM/VT4H4O/GKB29U/16B3G1/CWBC56/ZH/h?a1=2013&a2=6&a3=26
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