Markets pm: Japanese shares hit 5½-year high, Warning on dash fo...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/DHGUVV/YGI5L2/GO0DVF/PRAK1O/   Markets afternoon briefing Wednesday May 15 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Markets   Japanese shares hit 5½-year high Yen weakness boosts exporters' earnings outlook, while Sony soars after shareholder Daniel Loeb proposes float of up to 20% of entertainment business http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/PN7VTQ/AZ/h?a1=2013&a2=5&a3=15   Warning on dash for junk bonds Yields are at record lows but flows continue in 'dash for trash' as investors hunt for income, and some warn risks are being underestimated http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/RP5AGN/AZ/h?a1=2013&a2=5&a3=15   Greek yields fall sharply after upgrade Ten-year yields fall nearly a percentage point to lowest in three years after Fitch lifts its rating to B- and says the outlook is stable http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/3CJEM8/AZ/h?a1=2013&a2=5&a3=15   Central banks will keep equities afloat Continued monetary easing means there are no reasons why stock markets should see a steep slide, and current valuations on most look attractive http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/87PRDZ/AZ/h?a1=2013&a2=5&a3=15   Bank of Japan acts on rising JGB yields The BoJ announced it would pump Y2.8tn ($28bn) into the money market this Friday to 'address the rapid increase in longer-term interest rates' http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/1O9YZL/AZ/h?a1=2013&a2=5&a3=15   US utilities' outperformance fades away After ferocious start to year, sector that includes slow-growth high-yield companies such as Duke Energy and Dominion Resources has weakened http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/20SIM0/AZ/h?a1=2013&a2=5&a3=15   Weak eurozone growth hits single currency Pound strengthens after Bank of England releases inflation report and sounds positive note on UK economy, revising up forecasts for next three years http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/7Z3JKV/AZ/h?a1=2013&a2=5&a3=15   Oil trade shifts from crude to refined products Trade to shift over the next five years from traditional short-haul routes to long haul routes as new export-oriented refineries are constructed http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/6ANSXZ/AZ/h?a1=2013&a2=5&a3=15   London index circles five-year peak LSE group rises to top of benchmark after revenues beat forecasts while Severn Trent falls after rejecting a bid proposal from a consortium http://link.ft.com/r/DHGUVV/06X8Q7/EWTCE3/8Z08G5/OFZCLQ/AZ/h?a1=2013&a2=5&a3=15   In depth - FT.com Austerity Europe Libor scandal Bank bonuses Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..