| * Analysts wary amid China market euphoria * China reform blueprint boosts markets * Russia steps up entrepreneurial activity * Legs fall off China's hairy crab industry * Vale weighs $14bn tax dispute settlement * China hedge funds win seed capital * Ukraine: gas war averted, but is EU deal on? Markets: up! Analysts wary amid China market euphoria
Amid the market euphoria in response to sweeping China reforms, analysts caution that what is good for the economy may bring pain for equity investors
http://on.ft.com/1d93wl3 China reform blueprint boosts markets
Hong Kong-listed stocks lead Greater China equities higher amid optimism over an easing in China's one-child policy and a greater role for market forces
http://on.ft.com/1d93yt5 Russia steps up entrepreneurial activity
Measures introduced to create favourable conditions for SMEs are beginning to pay off as fledgling ventures increase
http://on.ft.com/1d93ytb Legs fall off China's hairy crab industry
Banquets of hairy crabs, a delicacy, are usually a way to grease the wheels of commerce but a crackdown on graft has hit crab sellers hard
http://on.ft.com/1d93ytf Vale weighs $14bn tax dispute settlement
Brazil gives the miner the opportunity to almost halve charge to $8.5bn and pay it back over 15 years, resolving an issue that has dogged its shares
http://on.ft.com/1d93wBo China hedge funds win seed capital
China's biggest investment bank is taking another leaf from the Goldman Sachs playbook by creating a fund to back new and established hedge fund managers in China.
http://on.ft.com/1aKT4sj Ukraine: gas war averted, but is EU deal on?
Ukraine has stepped back from the brink of another gas war with Russia and resumed gas imports from its powerful neighbour after a one week lull.
http://on.ft.com/1eVVdsT Emerging Markets
MSCI Emerging Market Index up +1.08% at 1,016 Americas
DJIA up +0.54% at 15,962
S&P 500 up +0.42% at 1,798
Bovespa up +2.34% at 53,452 Asia
Nikkei 225 up +0.11% at 15,182
Topix up +0.16% at 1,241
Hang Seng up +2.17% at 23,531
Shanghai Composite up +1.50% at 2,168
MSCI Asia ex-Japan up +1.60% at 554.03
CNX Nifty up +1.46% at 6,145 Currencies
€/$ 1.35 (1.35)
$/¥ 100.09 (100.21) Commodities
Brent Crude (ICE) down -0.34 at 108.16
Light Crude (Nymex) down -0.37 at 93.47
100 Oz Gold (Comex) unchanged 0.00 at 1,287 | 
