| * Rescuers battle to get aid to Philippines * Fall of Korean derivatives dogs equities * UK's China trade push worries rights activists * Indonesia raises rates to 4-year high * EM currencies weaken as rally hopes fade * Domestic politics weigh on Indian foreign policy * Marks and Spencer shifts focus to India * India's trade deficit rises to $10.76bn * IEA warns of future oil supply crunch * Asia's bankers milk China thirst for dairy Markets: mixed Rescuers battle to get aid to Philippines Conditions are deteriorating 4 days after Typhoon Haiyan sliced through the country, with food running low and rescue workers struggling to reach isolated areas http://on.ft.com/1dkPitj Fall of Korean derivatives dogs equities Tighter regulations from Korean authorities have reduced the effectiveness of the derivatives market as a hedging tool http://on.ft.com/1dkPk4j UK's China trade push worries rights activists 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 Indonesia raises rates to 4-year high Bank Indonesia adds another 25 basis points to take rates to a four-year high in an attempt to shore up the rupiah and tackle inflation http://on.ft.com/1dkPito 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 Domestic politics weigh on Indian foreign policy Foreign minister Salman Khurshid admits the country's boycott of the Commonwealth summit in Sri Lanka is driven by domestic political concerns http://on.ft.com/1dkPk4r 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 $10.76bn Renewed gold buying has led to India's trade deficit jumping in October from a two-and-a-half year low in September as the rupee strengthens http://on.ft.com/1chLAiZ IEA warns of future oil supply crunch The International Energy Agency has sounded the alarm about a potential oil supply crunch and higher prices as key Gulf producers delay investment in the face of surging US shale output. http://on.ft.com/1bm3Oyc Asia's bankers milk China thirst for dairy China's rapidly growing thirst for milk products is fuelling a wave of dealmaking, driving up asset prices from New Zealand to Inner Mongolia http://on.ft.com/1dkPiJI Emerging Markets MSCI Emerging Market Index down -0.18% at 991.22 Europe FTSE down -0.32% at 6,707 RTS up +0.49% at 1,435 Warsaw Wig up +0.46% at 53,550 FTSE 300 Eurotop down -0.52% at 1,292 Americas DJIA up +0.14% at 15,783 S&P 500 up +0.07% at 1,772 Bovespa up +0.72% at 52,624 Asia Nikkei 225 up +2.23% at 14,589 Topix up +1.67% at 1,205 Hang Seng down -0.73% at 22,901 Shanghai Composite up +0.82% at 2,127 MSCI Asia ex-Japan down -0.22% at 468.91 CNX Nifty down -1.00% at 6,018 Currencies €/$ 1.34 (1.34) $/¥ 99.68 (99.15) Commodities Brent Crude (ICE) up +0.33 at 106.73 Light Crude (Nymex) down -0.29 at 94.85 100 Oz Gold (Comex) unchanged 0.00 at 1,281 |