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Financial Times - Financial markets news
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The latest markets news from the Financial Times, with stock data, financial commentary and investor analysis
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Wall St rallies as sell-off subsides
S&P 500 moves strongly into positive territory, while Cooper is driven 25% higher by a deal for Eaton to buy the electrical equipment maker
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Wheat extends rally on drought fears
Prices rise to their highest in nine months on worries about dry weather in Russia, Ukraine, Kazakhstan, as well as Kansas, the top US producer
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Facebook shares drop below issue price
Shares in the social networking company, which raised $16bn in its initial public offering, lose more than 13% to fall below $38 issue price
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Stocks start week on firmer footing
Markets have started the week on a more stable footing, though lingering concerns about the eurozone crisis and leave many risk asset benchmarks only just above multi-month lows
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Cash pulled from financial funds
Just under $1bn was withdrawn last week from mutual and ETFs that invest in banks, the biggest outflow since Lehman Brothers’ collapse
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Iron ore and coal hit by China deferrals
Customer delays and defaults on shipments have led to prices for the commodities dropping 12% since start of April, boding ill for blue-chip miners
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Bank downgrades threaten to hit funding
Observers warn the trickle-down effects of bank downgrades by credit rating agencies upon the financial system should not be underestimated
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Banks must regain investors’ trust
Lenders need to do more than react the regulatory overhaul, they must adjust their business models if they are to regain trust, says Hugo Bänziger
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Gold loses its hold over haven hunters
Demand for the yellow metal is ebbing but the possibility of a Greek exit from the eurozone and weakening US economic data could reawaken interest
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Traders brace for further euro falls
Single currency falls as net short positions test record highs, and analysts turn their attention to sterling as eurozone crisis intensifies
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