| * Yen volatile ahead of US jobs data * Erdogan calls for halt to Turkey protests * China property buyers head for London *S&P cuts outlook on Brazil sovereign rating *Reliance to invest $26 billion over three years * SEC charges Thai trader with fraud over Smithfield stock orders * Venezuela: here comes hyperinflation * Blackstone in $1bn Brazil property venture * Aditya Birla pursues growth outside India * China's Wanda nears deal for James Bond yachtmaker Markets: nervous Yen volatile ahead of US jobs data A very twitchy week is ending with more pockets of volatility across currencies and stocks ahead of key US non-farm payrolls data due out later in the global day. http://www.ft.com/intl/cms/s/0/64c42a0c-cf15-11e2-ae25-00144feab7de.html Erdogan calls for halt to Turkey protests Recep Tayyip Erdogan, Turkey's prime minister, has returned to Istanbul in uncompromising mood, calling on the demonstrators who have shaken the country to return home and hitting out at financial speculators. http://www.ft.com/intl/cms/s/0/e6383e8a-ce74-11e2-ae25-00144feab7de.html China property buyers head for London Chinese real estate investment in Europe this year has already hit €2.2bn versus €2bn for the whole of last year, with London the prime target, according to a LaSalle Investment Management/ Real Capital Analytics report. http://blogs.ft.com/beyond-brics/2013/06/07/chinese-property-buyers-head-for-london/ S&P cuts outlook on Brazil sovereign rating Standard & Poor's late on Thursday lowered the outlook on Brazil's sovereign rating in a warning for a country that until recently has been a rising star of credit rating agencies. http://on.ft.com/1baBLSy Reliance to Invest $26 Billion Over Three Years Reliance Industries Ltd Thursday outlined a three-year investment plan of 1.5 trillion rupees ($26 billion) to further expand its businesses which range from gas production and oil refining to selling groceries and vegetables. http://on.wsj.com/14z5QYc SEC charges Thai trader with fraud over Smithfield stock orders A Thailand-based trader made a $3.2m profit by buying securities of Smithfield Foods days before the US pork producer announced its takeover by China's Shuanghui International, US regulators alleged on Thursday. http://on.ft.com/10Tl1hC Venezuela: here comes hyperinflation More bad news for Nicolas Maduro, Venezuela's embattled new president. The latest inflation figures are in, and if the gloomier predictions are to be believed, hyperinflation could even be around the corner. http://on.ft.com/19MW4HK Blackstone in $1bn Brazil property venture Blackstone Group and its Brazilian partner are set to sign a $1bn deal with homebuilder Gafisa for a controlling stake in its high-end residential subsidiary, according to people familiar with the matter. http://on.ft.com/193KGbD Aditya Birla pursues growth outside India Kumar Mangalam Birla, the head of the Aditya Birla group, India's third-largest conglomerate by revenues, said worsening conditions in Asia's third-largest economy would see his company delay capital expenditure while continuing to seek investment opportunities abroad. http://on.ft.com/10SQHUi China's Wanda nears deal for James Bond yachtmaker A Chinese property group is close to buying Sunseeker, Britain's largest luxury yachtmaker by sales, underscoring the growing appetite for European luxury assets among Chinese buyers. http://on.ft.com/10TGdnB Emerging Markets MSCI Emerging Market Index down -0.59% at 979.24 Europe FTSE down -0.16% at 6,326 RTS up +0.57% at 1,294 Warsaw Wig up +0.36% at 47,745 FTSE 300 Eurotop down -0.23% at 1,176 Americas DJIA up +0.53% at 15,041 S&P 500 up +0.85% at 1,623 Bovespa up +0.16% at 52,885 Asia Nikkei 225 down -0.21% at 12,878 Topix down -1.29% at 1,057 Hang Seng down -1.21% at 21,575 Shanghai Composite down -1.39% at 2,211 MSCI Asia ex-Japan down -0.95% at 450.50 CNX Nifty down -0.68% at 5,881 Currencies €/$ 1.33 (1.32) $/¥ 95.90 (96.94) |