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Financial Times
beyondbrics



London headlines

* Asia sentiment mixed on China loans data

* Pursuit of China trade raises rights tensions

* Culture clash key to Cooper Tire impasse

* EM currencies weaken as rally hopes fade

* Marks and Spencer shifts focus to India

* India's trade deficit rises to $10.76bn

* Asia's low-cost carriers hit turbulence

Markets: mixed

Asia sentiment mixed on China loans data
Stock markets ponder a contraction in monetary conditions in the region's largest economy in October
http://on.ft.com/1chLzM2

Pursuit of China trade raises rights tensions
David Cameron told a City audience he would be taking a trade mission to China next month as part of his unashamedly "commercial foreign policy"
http://on.ft.com/1chLAiQ

Culture clash key to Cooper Tire impasse
Cooper Tire's court case against Apollo of India offers a rare window into the kinds of problems that can snarl cross-border M&A
http://on.ft.com/1chLzM4

EM currencies weaken as rally hopes fade
A rally in the dollar and US Treasuries has closed off opportunities to revive the carry trades popular among EM investors in recent years
http://on.ft.com/1chLA2m

Marks and Spencer shifts focus to India
High street retailer aims to double its number of stores in the country in an effort to counteract declining sales in parts of the UK business
http://on.ft.com/1chLA2n

India's trade deficit rises to $10.76bn
Renewed gold buying has led to India's trade deficit jumping in October from a two-and-a-half year low in September as the rupee strengthens
http://on.ft.com/1chLAiZ

Asia's low-cost carriers hit turbulence
"The People of India deserve to fly. Everyone should be able to fly," Tony Fernandes, owner of AirAsia, tweeted recently. His comment was a call to arms typical of the Malaysian entrepreneur's relentless drive to expand his low-cost carrier across the region – most recently to India.
http://on.ft.com/1j0CoSD

Emerging Markets
MSCI Emerging Market Index down -0.01% at 992.87

Americas
DJIA up +0.14% at 15,783
S&P 500 up +0.07% at 1,772
Bovespa up +0.72% at 52,624

Asia
Nikkei 225 up +1.90% at 14,541
Topix up +1.42% at 1,202
Hang Seng down -0.71% at 22,906
Shanghai Composite up +0.45% at 2,119
MSCI Asia ex-Japan down -0.08% at 542.02
CNX Nifty up +0.23% at 6,093

Currencies
€/$ 1.34 (1.34)
$/¥ 99.44 (99.15)

Commodities
Brent Crude (ICE) down -0.24 at 106.16
Light Crude (Nymex) down -0.32 at 94.82
100 Oz Gold (Comex) unchanged 0.00 at 1,281

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