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Financial Times
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London headlines

* Severstal call for global steel agreement

* China: The road to reform

* PetroChina and Cnooc ink Americas deals

* PM trips 'fail to open up Indian markets'

* EM economic reform hamstrung by politics

* Western companies 'too slow' into Myanmar, warns adviser

* Ukraine throws EU deal in jeopardy as it delays key vote

Markets: up

Severstal call for global steel agreement
Russian group calls for companies and states to agree massive restructuring of global steel industry in order dramatically to cut output and capacity
http://on.ft.com/1aUpBC4

China: The road to reform
The Communist party's plenary session offered few signs that vital strucural changes are imminent but helped Xi Jinping consolidate his grip on power
http://on.ft.com/1aUpBCa

PetroChina and Cnooc ink Americas deals
PetroChina buys Peruvian oil and gasfields stakes from Petrobras while separately Cnooc eyes building a terminal to export LNG in western Canada
http://on.ft.com/1aUpBSu

PM trips 'fail to open up Indian markets'
Former ministers say the UK needs a more co-ordinated approach to trade promotion in what remains an 'extraordinarily attractive market'
http://on.ft.com/1aUpAhw

EM economic reform hamstrung by politics
Combination of state control and free enterprise that promised so much post-crisis is under scrutiny
http://on.ft.com/1aUpAhy

Western companies 'too slow' into Myanmar, warns adviser
Western companies risk losing out to rivals from China and other Asian countries because they are too slow to invest in Myanmar's fast-opening economy, a presidential economic adviser has warned.
http://on.ft.com/1gIPA1L

Ukraine throws EU deal in jeopardy as it delays key vote
Ukraine's chances of signing historic deals with the EU this month are in jeopardy after its parliament delayed until next week a vote to allow jailed opposition leader Yulia Tymoshenko to be released to Germany for medical treatment.
http://on.ft.com/1eLBeNb

Emerging Markets
MSCI Emerging Market Index up +0.87% at 988.45

Americas
DJIA up +0.45% at 15,822
S&P 500 up +0.81% at 1,782
Bovespa up +0.82% at 52,230

Asia
Nikkei 225 up +2.54% at 14,937
Topix up +1.45% at 1,222
Hang Seng up +0.88% at 22,660
Shanghai Composite up +0.45% at 2,097
MSCI Asia ex-Japan up +1.18% at 539.73
CNX Nifty up +1.69% at 6,091

Currencies
€/$ 1.35 (1.35)
$/¥ 99.63 (99.22)

Commodities
Brent Crude (ICE) up +0.18 at 107.30
Light Crude (Nymex) up +0.08 at 93.96
100 Oz Gold (Comex) up +11.90 at 1,280

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