Markets pm: Stocks firm as gold bounces, Detroit unease throws u...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/NA70KK/NR58I2/F6OKCR/JI67RT/   Markets afternoon briefing Monday July 22 2013 Markets   Stocks firm as gold bounces Asian markets were choppy, with Japan's Nikkei climbing higher following the LDP's sweeping victory in the country's upper house polls http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/B4GPJE/RF/h?a1=2013&a2=7&a3=22   Detroit unease throws up muni opportunity For brokers and financial advisers, the headlines about impending losses for the city's bondholders and last week's downgrade of Chicago, another heavily indebted city, look a good deal scarier than they actually are http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/XB9X7C/RF/h?a1=2013&a2=7&a3=22   Bailouts can turn a profit for lenders Bailouts by central banks acting as lender of last resort typically end up profitable for those taking on the risk, says Andreas Utermann http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/ULI52G/RF/h?a1=2013&a2=7&a3=22   Use of global depositary receipts doubles Amount raised globally through DR more than doubles in first half of 2013, as overseas companies move to tap markets without need for full flotation http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/1OFIWC/RF/h?a1=2013&a2=7&a3=22   Yen climbs after coalition election win Yen's depreciation has been important byproduct of Japanese PM's fight against deflation, helping country's export sector become more competitive http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/9MHN9K/RF/h?a1=2013&a2=7&a3=22   GSK leads London's FTSE 100 lower GlaxoSmithKline is the worst performer on the FTSE 100 as the pharmaceutical company battles a Chinese bribery and corruption scandal http://link.ft.com/r/NA70KK/DXLZ0B/9Z3GXS/7ZVOV4/HIVBU9/RF/h?a1=2013&a2=7&a3=22   In depth - FT.com Libor scandal Austerity Europe Great tax race US states of emergency Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..