Markets am: Stocks gain on growth optimism, A weak EU banking un...

To view this email as a webpage, click here     Monday December 09 2013     Markets   Stocks gain on growth optimism   Stocks firm as upbeat US and China data bolster economic optimism while markets show signs of coming to terms with the prospects for less Fed largesse.       A weak EU banking union risks deflation   Banks will continue to hold primarily national assets and their size will be constrained by their resident deposit bases, leading to fragmentation     India markets hit new high on Modi hopes   Benchmark Sensex index buoyed by wave of investor optimism following defeat of India's ruling Congress party in state elections     Mutual funds look to gain ETF foothold   Funds are in talks with the SEC over non-transparent actively managed products that would preserve the anonymity of their trading strategies     A punt on Cinda still a shot in the dark   Bank is the first among China's four bad banks to pursue an initial public offering and investors have been seduced by its novelty value both as a type of company and as a large, relatively liquid stock, say bankers     FTSE higher on favourable banking news   Oil explorers Tullow and Premier falter after news that some of their African wells came up dry         Video   Cape of Good Hope?   Stocks are set to drop according to Robert Shiller's cyclically adjusted price/earnings (Cape) measure. Andrew Goldberg, global market strategist with JPMorgan Asset Management, tells John Authers that this does not imply a fall is imminent.           Manage email    Forward this email   Feedback    Manage portfolio Subscribe to the FT Follow the FT   Unsubscribe | My Account | RSS | Privacy Policy | About Us | Help   © THE FINANCIAL TIMES LTD 2013 You have received this email because you have signed up from the NBE preference page. This email was sent by a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723.