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==== Markets ==== * [[June 16]] – [[List of bishops of Västerås|Petrus]], bishop of [[Diocese of Västerås|Västerås]], buys 1/8 of the [[Falun Mine|Stora Kopparberg]] copper mine in [[Falun]], [[Sweden]]. During the reign of King [[Magnus III of Sweden|Magnus III]], nobles and foreign merchants from [[Lübeck]] take interests in the mining area. * The Flemish city of [[Ghent]] seeks rights to start redeeming its already issued annuities. It is a clear indication of financial difficulty, and maybe an early sign of the crisis of the 13th Century.<ref>{{cite journal|last=Munro|first=John H.|title=The Medieval Origins of the Financial Revolution|journal=The International History Review|year=2003|volume=15|issue=3|pages=506–562}}</ref>
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