London morning headlines


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Financial Times
beyondbrics



London headlines

* Asian markets struggle for direction

* Rajan enters RBI with a big bang

* Brazilian exchange shake-up to boost IPOs

* Huge Nigerian oil refinery wins backing

* Seoul issues first dollar bond in four years

* Turkey Olympic bid blighted by currency woes and political unrest

* Apple event raises hopes of China Mobile deal

Markets: up!

Asian markets struggle for direction
Asian markets struggled for direction as investors absorbed comments from the Japanese central bank and sought clearer indications from the US about the health of its job market and its intentions in Syria.
http://on.ft.com/15wEALb

Rajan enters RBI with a big bang
A big package of financial sector reforms has been launched by India's high-profile new central bank chief as the country battles a currency crisis and slowdown in economic growth.
http://on.ft.com/1dPK10J

Brazilian exchange shake-up to boost IPOs
Brazil is set to change the formula behind its benchmark stock index for the first time in 45 years as part of a series of measures to counter one of the worst market slumps since the onset of the financial crisis.
http://on.ft.com/1dOJXi3

Huge Nigerian oil refinery wins backing
Africa's richest man will sign a $3.3bn financing deal in Nigeria on Wednesday to build the continent's biggest oil refinery, as well as large fertiliser and petrochemical plants.
http://on.ft.com/1eebmaT

Seoul issues first dollar bond in four years
South Korea is selling $1bn in its first dollar-denominated bond issue in more than four years. Seoul is timing the issue ahead of an expected rise in credit risk as investors fret over the Federal Reserve's reduction of its massive stimulus programmes and a possible US military strike on Syria.
http://on.ft.com/1dOvlPI

Turkey Olympic bid blighted by currency woes and political unrest
Recep Tayyip Erdogan looked confident and serene as he headed for the aircraft that will take him, via the G20 summit in St Petersburg, to an Olympics meeting in Buenos Aires.
http://on.ft.com/13em10z

Apple event raises hopes of China Mobile deal
Apple plans to hold near-simultaneous product launch events in California and Beijing for the first time next week, sparking hopes among investors for a long-awaited iPhone partnership with China Mobile.
http://on.ft.com/17OUqXq

Emerging Markets
MSCI Emerging Market Index up +0.67% at 944.05

Americas
DJIA up +0.65% at 14,931
S&P 500 up +0.81% at 1,653
Bovespa up +0.18% at 51,716

Asia
Nikkei 225 down -0.21% at 14,024
Topix up +0.18% at 1,158
Hang Seng up +1.23% at 22,600
Shanghai Composite down -0.07% at 2,126
MSCI Asia ex-Japan up +1.16% at 519.21
CNX Nifty up +2.59% at 5,589

Currencies
€/$ 1.32 (1.32)
$/¥ 99.65 (99.69)

Commodities
Brent Crude (ICE) up +0.25 at 115.16
Light Crude (Nymex) up +0.28 at 107.51
100 Oz Gold (Comex) up +3.60 at 1,394

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