Markets pm: S&P 500 looks to breach 1,700, Lessons for Europe in...


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Financial Times
Markets afternoon briefing
Tuesday July 23 2013

Markets
 
S&P 500 looks to breach 1,700
Stock markets are on the rise after Japan upgrades its economic assessment and investors bet on further China market reform
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/GYC6Z4/XL/h?a1=2013&a2=7&a3=23
 
Lessons for Europe in Detroit bankruptcy
Detroit's bankruptcy could prove cathartic and provide a fresh start for the US city; as such it might become an example for stressed European regions
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/FD08ZK/XL/h?a1=2013&a2=7&a3=23
 
Easing taper fears drive Wall St rally
Soothing words from the Fed on stimulus withdrawal and hope that the US economy is on a sounder footing fuel the latest stock rally
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/20NJL6/XL/h?a1=2013&a2=7&a3=23
 
India clamps down on gold imports
The Reserve Bank of India enforces new limits on gold imports to control the country's current account deficit and ease pressure on the rupee
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/IE20MW/XL/h?a1=2013&a2=7&a3=23
 
Investor alarm as India flashes amber
Situation in Asia's third largest economy is precarious, given the country's large current account deficit, and the RBI's unexpected steps have only served to renew focus on India's troubled finances
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/7ZLP87/XL/h?a1=2013&a2=7&a3=23
 
Weaker dollar holds near month low
The dollar remains near a month low as investors gamble against the Federal Reserve starting its tapering of asset purchases in the third quarter
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/OF47Y3/XL/h?a1=2013&a2=7&a3=23
 
Thai billionaire plans infrastructure IPO
The listing, potentially later this year, would follow the country's biggest ever initial public offering in April, the $2.1bn share sale by BTS Group
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/SUDW9U/XL/h?a1=2013&a2=7&a3=23
 
The time to diversify is nigh
Asset correlations are fading as the investor anxiety that was instilled by the financial crisis wanes and fundamentals hold greater sway
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/B4GTC7/XL/h?a1=2013&a2=7&a3=23
 
FTSE miners lifted by China growth hopes
Tullow Oil falls to bottom of FTSE 100 after reporting the third of four potential wells off coast of French Guiana did not contain any oil or gas
http://link.ft.com/r/TWK799/52RCCR/EWTCE3/K9IDKA/T1YX9N/XL/h?a1=2013&a2=7&a3=23
 
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