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Financial focus

EU countries retain some costs for failing banks in draft ESM plan.
Eurozone industrial production could be on the up.
UK pensions reforms released today.
British surveys suggest third recession possible.
Japan PM seeks higher inflation.
Asian stocks lifted by Chinese export data and statements.
Yen falls to lowest level in more than two years.
The pound slumps most since February 2013.
Oil prices lifted on Eurozone production gains.
China may cut coal imports, as their own production gets cheaper.
Gold advances after Fed official’s statements.
Crop prices climb following worst drought since 1930s.

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