Markets pm: Stocks soft on Fed tapering talk, US hedge funds tur...

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/LVA6WW/OFZHUF/YQ9BJA/EWTCE3/   Markets afternoon briefing Monday May 13 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Markets   Stocks soft on Fed tapering talk Nikkei extends gains to fresh five-year peak as weaker yen fuels exporter earnings hopes, but other markets are cautious after recent rally http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/4VRK47/QR/h?a1=2013&a2=5&a3=13   US hedge funds turn bullish on the euro 'They have done enough, we don't see a collapse as a likely scenario in the near term any more,' says the head of one large hedge fund http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/7Z3IK5/QR/h?a1=2013&a2=5&a3=13   Forget EMs, US investors should think local Data increasingly refute the popular belief that they offer the best growth – earnings predictions are too optimistic, writes Richard Bernstein http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/4VRK4A/QR/h?a1=2013&a2=5&a3=13   Yen weakens as stimulus criticism avoided Dollar rises above Y102 for the first time in five years after Group of Seven informally reaffirms commitment not to target exchange rates http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/A519II/QR/h?a1=2013&a2=5&a3=13   Co-op worries spark retreat in bank shares Profit-taking spurred by capital worries that arose after downgrade to junk and a Barclays analysis that estimated shortfall at up to £1.8bn http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/JQ013N/QR/h?a1=2013&a2=5&a3=13   DTCC and Euroclear to share collateral pool Post-trade services providers in bid to ease banks' search for scarce assets to back trading, highlighting importance of 'insurance' http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/EKBFSD/QR/h?a1=2013&a2=5&a3=13   Mining chiefs warn of S Africa disruption South African platinum output falls to lowest level in 11 years thanks to labour unrest as demand from carmakers and technology groups is sluggish http://link.ft.com/r/LVA6WW/06WU8I/ZBYFC4/2OHNAQ/7Z3IKW/QR/h?a1=2013&a2=5&a3=13   In depth - FT.com BP trial Libor scandal Bank bonuses Great tax race 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..