Markets pm: Investor attention turns to US earnings, China faces...

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/NA70KK/87L9AJ/1JR6NM/WLXS67/   Markets afternoon briefing Monday July 08 2013 Markets   Investor attention turns to US earnings 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/NA70KK/Z8DUNP/JI67RT/06B2LA/XBQ485/6C/h?a1=2013&a2=7&a3=8   China faces difficult bubble workout The country is not facing a crisis, yet, but the reformist administration will need to spend several years tackling excess credit and over-investment http://link.ft.com/r/NA70KK/Z8DUNP/JI67RT/06B2LA/1ORDCY/6C/h?a1=2013&a2=7&a3=8   Investors fear soaring Treasury yields An explosive move in yields over a short period has spared few big bond funds and revealed that bonds are not the safe asset they used to be http://link.ft.com/r/NA70KK/Z8DUNP/JI67RT/06B2LA/K9AGJT/6C/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/NA70KK/Z8DUNP/JI67RT/06B2LA/IEVH9H/6C/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 taxpayers' holding http://link.ft.com/r/NA70KK/Z8DUNP/JI67RT/06B2LA/VTIMBZ/6C/h?a1=2013&a2=7&a3=8   In depth - FT.com Libor scandal Austerity Europe 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..