Markets pm: US stocks lower as Fed taper talk lingers, Quant hed...

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/IOCBMM/6A3JY5/F6OKCR/ZBYFC4/   Markets afternoon briefing Wednesday June 05 2013 Markets   US stocks lower as Fed taper talk lingers Fears continue over when the US Fed will start winding down its vast bond purchases, while Japanese stocks dive after Prime Minister Abe's speech http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/4VFJGT/SN/h?a1=2013&a2=6&a3=5   Quant hedge funds hit by bonds sell-off Bond yields have risen from some of their lowest levels in decades in the past fortnight, leaving trend-following funds with large holdings badly hit http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/9M1PVA/SN/h?a1=2013&a2=6&a3=5   Record equities highs are far from crazy The gradual rise in risky assets likely to continue as risk premia moderate further, and profits and dividends grow on the back of an improving global economic cycle http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/ULKWFE/SN/h?a1=2013&a2=6&a3=5   US dividend show at risk of overrunning High yielding stocks in utilities and telecoms have fallen sharply, thanks to jump in bond yields that has reduced attractiveness of such companies http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/20J9HT/SN/h?a1=2013&a2=6&a3=5   Indian stocks rally hits Fed roadblock Indian optimism has found itself undone by Federal Reserve chairman Ben Bernanke, and his testimony to a congressional committee late last month http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/PNMZQQ/SN/h?a1=2013&a2=6&a3=5   Sterling gains on robust UK services data The figures follow other recent positive data on the economy, with numbers showing the UK construction sector unexpectedly expanded in May http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/DXBTZ0/SN/h?a1=2013&a2=6&a3=5   Mrs Watanabe starts a Mexican wave Japanese retail investors bet on Mexico's exposure to an improving US economy and shift away from the Australian dollar http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/VTDXN3/SN/h?a1=2013&a2=6&a3=5   FTSE falls as focus turns to economy Riskier financial and resources stocks take the biggest overall toll, after their run higher to May's 13-year peak left them looking overvalued http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/B4T12Z/SN/h?a1=2013&a2=6&a3=5   Is copper at $7,000 a bargain for China? The powerful State Reserves Bureau's intentions behind its various inquiries about buying the red metal have been the talk of the market http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/LS2CDX/SN/h?a1=2013&a2=6&a3=5   Central banks could take divergent paths Bank of England more likely to tighten in future than European Central Bank due to view that UK economy is performing better than eurozone http://link.ft.com/r/IOCBMM/PNCZB8/EWTCE3/ORQXD6/VTDXNS/SN/h?a1=2013&a2=6&a3=5   In depth - FT.com Great tax race Austerity Europe Libor scandal 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..