Markets pm: Shares mixed ahead of Fed testimony, Swiss franc hit...

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/BLH300/ULXQOK/53PV1X/TP5EB2/   Markets afternoon briefing Wednesday May 22 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Markets   Shares mixed ahead of Fed testimony Japan stocks lead rally, with investors waiting for Federal Reserve chairman Ben Bernanke's testimony before Congress later in the day http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/XBYN61/ID/h?a1=2013&a2=5&a3=22   Swiss franc hits two-year low The head of Switzerland's central bank says the country could impose negative interest rates and did not rule out more extreme measures http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/FDGZE2/ID/h?a1=2013&a2=5&a3=22   Fed QE exit must avoid collateral damage Scarcity has disrupted repo market, harming the ability to set rates for non-bank institutions, and so Federal Reserve should steer collateral to them http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/OFZYPE/ID/h?a1=2013&a2=5&a3=22   Pattern of Asian currency strength breaks Traditional view of Asia's currencies as play on risk gives way to a more nuanced approach as rates are cut and Federal Reserve action looms http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/4VRHZ1/ID/h?a1=2013&a2=5&a3=22   Chinese broker Galaxy enjoys strong debut Shares in the $1.1bn initial public offering rose as much as 11 per cent when trading began in Hong Kong on Wednesday before falling back later http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/3CJTAG/ID/h?a1=2013&a2=5&a3=22   Capital comments boost Lloyds shares Part-nationalised bank says it will not need to issue new equity to satisfy Prudential Regulatory Authority requirements on capital levels http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/EKBAIA/ID/h?a1=2013&a2=5&a3=22   Commodities traders acquire power stations Trading houses are buying plants signalling a return to the utilities sector, 10 years after the collapse of the US electricity trading industry http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/PN7IUY/ID/h?a1=2013&a2=5&a3=22   Dollar falls ahead of Bernanke testimony Analysts say a dovish statement from Ben Bernanke, Fed chairman, could cause a further pullback in the US dollar, which has strengthened recently http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/NRAD3Y/ID/h?a1=2013&a2=5&a3=22   South African rand sinks to 4-year low Stronger than expected April inflation data released on Wednesday have cemented expectations the SARB will keep its rate at 5 per cent on Thursday http://link.ft.com/r/BLH300/K9BO23/QFZDL0/XHU8N0/SU49TY/ID/h?a1=2013&a2=5&a3=22   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..