| * US shutdown fears weigh on markets * Indian and Pakistan military leaders to meet * China manufacturing growth stalls * S Korea: IP high, but corporate fears remain * Rosneft makes formal offer for minority investors' TNK-BP stake * Modi accuses Gandhi dynasty of 'strangling democracy' in India * Banks cautious on Shanghai free-trade zone * SWFs turn to emerging markets * Mexico struggles to stem faltering growth * Markets: all down (bar Shanghai) US shutdown fears weigh on markets With a US government shutdown likely at midnight on Monday and Italy's government on the verge of collapse, a risk-off mood has overtaken markets http://www.ft.com/cms/s/0/6c1276be-2984-11e3-ab62-00144feab7de.html Indian and Pakistan military leaders to meet Senior military leaders in India and Pakistan are to meet in the latest effort to repair a much-violated ceasefire between the two countries http://www.ft.com/cms/s/0/628f1940-2992-11e3-9bc6-00144feab7de.html China manufacturing growth stalls Preliminary PMI data had fuelled optimism that recovery was in full swing after a shaky first half, but final result suggests recovery could falter http://www.ft.com/cms/s/0/2589b8da-297d-11e3-8d19-00144feab7de.html S Korea: IP high, but corporate fears remain South Korea's industrial output hit a nine-month high, adding to investor confidence in the country's recovery. But not everything is rosy about Asia's fourth-largest economy amid growing concerns over corporate financing problems http://on.ft.com/19b6Ppg Rosneft makes formal offer for minority investors' TNK-BP stake Rosneft made a formal offer to buy out TNK-BP minority shareholders on Monday, six months after it signed a deal to buy out TNK-BP's main shareholders. http://www.ft.com/cms/s/0/7b3f1f30-29a6-11e3-bbb8-00144feab7de.html Modi accuses Gandhi dynasty of 'strangling democracy' in India Narendra Modi, prime ministerial candidate of India's Hindu nationalist opposition Bharatiya Janata party, accused the ruling Congress party's powerful Nehru-Gandhi dynasty of "strangling democracy", as he addressed a huge political rally in New Delhi http://www.ft.com/intl/cms/s/0/a7a70a56-28f2-11e3-ab62-00144feab7de.html Banks cautious on Shanghai free-trade zone Slow start for zone contrasts with high expectations for future, with analysts saying it could herald most ambitious push for financial reforms in over a decade http://www.ft.com/cms/s/0/2181cd44-2906-11e3-ab62-00144feab7de.html SWFs turn to emerging markets Sovereigns are looking beyond UK and continental Europe, with some preferring to invest in their home markets to overcome regulatory concerns http://www.ft.com/cms/s/0/e442c440-2759-11e3-8feb-00144feab7de.html Mexico struggles to stem faltering growth A tepid US recovery and catastrophic flooding have hit GDP prospects, but investors remain confident in the president's reform plans http://www.ft.com/cms/s/0/df5de7dc-28f5-11e3-ab62-00144feab7de.html Emerging Markets MSCI Emerging Market Index down -1.06% at 989.27 Europe FTSE down -0.85% at 6,457 RTS down -0.68% at 1,423 Warsaw Wig down -0.96% at 50,333 FTSE 300 Eurotop down -0.72% at 1,246 Americas DJIA down -0.46% at 15,258 S&P 500 down -0.41% at 1,692 Bovespa down -0.08% at 53,739 Asia Nikkei 225 down -2.06% at 14,456 Topix down -1.92% at 1,194 Hang Seng down -1.50% at 22,860 Shanghai Composite up +0.68% at 2,175 MSCI Asia ex-Japan down -1.38% at 465.74 CNX Nifty down -1.68% at 5,735 Currencies €/$ 1.35 (1.35) $/¥ 97.77 (98.24) Commodities Brent Crude (ICE) down -0.92 at 107.71 Light Crude (Nymex) down -1.44 at 101.43 100 Oz Gold (Comex) up +3.20 at 1,342 |