Markets pm: Equities drift in spite of positive US earning, Mark...
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Markets afternoon briefing
Wednesday July 24 2013
Markets
Equities drift in spite of positive US earning
Global stocks turn mixed even as concerns about the Chinese economy are offset by better European data and well-received company earnings
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/OF4WBA/CM/h?a1=2013&a2=7&a3=24
Market turbulence revives ETF fears
The global sell-off last month sparked the highest amount of settlement failures in parts of the $2tn exchange-traded fund market in nearly two years
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/87THI1/CM/h?a1=2013&a2=7&a3=24
Banks fight for depositary receipt business
DR programmes, under which a group's shares can be traded on overseas markets without the expense of a flotation, are providing business with good deals
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/MJM5T2/CM/h?a1=2013&a2=7&a3=24
Case for investing in EM still intact
Investors should also consider expanding into frontier markets, as they are among the fastest growing and least indebted economies
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/NR54H0/CM/h?a1=2013&a2=7&a3=24
Rupee climbs on RBI's latest strategy
Analysts say currency reaction shows investors are taking seriously the government message it is willing to act to meet liquidity tightening objectives
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/RPKD64/CM/h?a1=2013&a2=7&a3=24
China divides wheat bulls and bears
Uncertainty about the country's import levels mounts after bad weather in its key growing regions but good harvests elsewhere keep the lid on prices
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/NR54HV/CM/h?a1=2013&a2=7&a3=24
Euro buoyed by signs of eurozone recovery
Single currency climbs after expansion in German business activity but Australian and New Zealand dollars fall in reaction to Chinese industrial data
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/XB9SAX/CM/h?a1=2013&a2=7&a3=24
EasyJet heads FTSE after raising outlook
Shares in budget airline climb after it posts 10.5% rise in quarterly revenue and says it expects profits for year to September to beat forecasts
http://link.ft.com/r/S4XZQQ/873MSR/D4L0IN/CW5MZ7/1OFN5D/CM/h?a1=2013&a2=7&a3=24
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