financial times: Markets am: Asia stocks hit by China credit fears, Renminbi bull...

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Markets morning briefing
Monday July 08 2013

Markets

Asia stocks hit by China credit fears

Asian equity markets fail to follow Wall Street higher, as worries about China's credit clampdown hit sentiment and US earnings season starts
http://link.ft.com/r/BLH300/K96XQY/BMU6DR/PNJLHC/Q3WCW1/MQ/h?a1=2013&a2=7&a3=8

Renminbi bulls start to cool their heels

The renminbi is the only emerging market currency to rise against the US dollar this year, but many analysts believe further gains will be limited
http://link.ft.com/r/BLH300/K96XQY/BMU6DR/PNJLHC/87LSLW/MQ/h?a1=2013&a2=7&a3=8

Lloyds leads FTSE gains on stake hopes

Lord Davies, the former Standard Chartered chairman, is leading a consortium to find investors that could take a chunk of the taxpayer's holding
http://link.ft.com/r/BLH300/K96XQY/BMU6DR/PNJLHC/EK6P6Y/MQ/h?a1=2013&a2=7&a3=8

Video

RMB under pressure

While other emerging market currencies have fallen, the RMB has risen and that's in spite of a run of bad news from the financial sector in mainland China. The FT's Josh Noble talks to Sacha Tihanyi, Senior Currency Strategist at Scotiabank, about both revaluing and rethinking attitudes towards the renminbi.

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