| * China factory data bolster economy hopes * China court sentences former party chief Bo Xilai to life in jail * Explosion rocks Kenya hostage mall * Emerging Stocks Decline as Fed Concerns Overshadow Chinese Data * Emerging markets urged to use Fed tapering delay to boost reforms * Hong Kong escapes worst of Typhoon Usagi * A US detente with Iran could be game-changing * Markets: mixed China factory data bolster economy hopes US index futures are firmer and Shanghai equities gained ground on evidence of further recovery in the Chinese manufacturing sector. http://www.ft.com/intl/cms/s/0/cbb28006-23fc-11e3-b506-00144feab7de.html China court sentences former party chief Bo Xilai to life in jail Disgraced Chinese leader Bo Xilai has been handed a life sentence for bribe-taking, embezzlement and abuse of power in a dramatic end to the most significant political trial in China in more than three decades. http://www.ft.com/intl/cms/s/0/b5ff4d14-2340-11e3-ac3a-00144feab7de.html Kenya shopping mall siege enters third day A huge explosion rocked the upmarket Nairobi shopping mall early on Monday afternoon where terrorists have been holding an unknown number of hostages for more than 48 hours. http://www.ft.com/intl/cms/s/0/beccf422-241d-11e3-a8f7-00144feab7de.html Emerging Stocks Decline as Fed Concerns Overshadow Chinese Data Emerging-market stocks dropped for a second day as concern the U.S. Federal Reserve may pare stimulus next month overshadowed better-than-estimated Chinese manufacturing data. http://www.bloomberg.com/news/2013-09-23/emerging-stocks-climb-on-china-data-as-thai-india-shares-drop.html Emerging markets urged to use Fed tapering delay to boost reforms Emerging markets urgently need to take advantage of an unexpected respite from the US Federal Reserve and prepare for the end of historically loose monetary policies, leading officials and analysts say. http://www.ft.com/intl/cms/s/0/cbe2db14-2368-11e3-b506-00144feab7de.html Hong Kong escapes worst of Typhoon Usagi A clean-up operation was under way in southern China on Monday after Typhoon Usagi made landfall in Guangdong, the southeastern province that borders Hong Kong, on Sunday evening as a "severe typhoon". http://www.ft.com/cms/s/0/6d22b88a-240b-11e3-b506-00144feab7de.html A US detente with Iran could be game-changing, writes David Gardner: Ultimately, a solution depends on whether the US and its allies will allow Iran to enrich uranium under close international invigilation – and what they will do if Israel says No. None of them can be in doubt that Iran is a real player. http://on.ft.com/16qI2GL Emerging Markets MSCI Emerging Market Index up +0.02% at 1,013 Europe FTSE down -0.32% at 6,576 RTS down -0.89% at 1,450 Warsaw Wig up +0.04% at 50,330 FTSE 300 Eurotop down -0.06% at 1,262 Americas DJIA down -1.19% at 15,451 S&P 500 down -0.72% at 1,710 Bovespa down -1.79% at 54,110 Asia Nikkei 225 down -0.16% at 14,742 Topix up +0.29% at 1,219 Hang Seng down -0.56% at 23,372 Shanghai Composite up +1.33% at 2,221 MSCI Asia ex-Japan down -0.02% at 469.24 CNX Nifty down -2.04% at 5,890 Currencies €/$ 1.35 (1.35) $/¥ 99.00 (99.31) Commodities Brent Crude (ICE) down -0.11 at 109.11 Light Crude (Nymex) up +0.09 at 104.84 100 Oz Gold (Comex) down -12.80 at 1,320 |