Markets pm: Pace of rally cools as China growth concerns linger,...

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/8P1R88/Z8SFE5/YQ9BJA/FXHVQP/   Markets afternoon briefing Friday July 12 2013 Markets   Pace of rally cools as China growth concerns linger Stocks mixed despite a record finish for the S&P 500, as worries about the pace of China's economic growth weigh on trader sentiment http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/OF5YPF/7V/h?a1=2013&a2=7&a3=12   Volatility the only certainty ahead Investors should watch new inflation and unemployment data and try to be relaxed about the volatility that will accompany them http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/OF5YPR/7V/h?a1=2013&a2=7&a3=12   Portuguese bond yields soar to nearly 8% Yields on the country's 10-year bond leapt 53 basis points to 7.27 per cent in thin trading, hitting an intraday high of 7.9 per cent, after a 10bp rise in the previous session http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/B4BCKD/7V/h?a1=2013&a2=7&a3=12   China opens door wider to foreign money Foreign institutions holding renminbi in London, Singapore and Taiwan, as well as Hong Kong, will be allowed to directly invest these funds in China http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/CWGVDD/7V/h?a1=2013&a2=7&a3=12   Fed's easy money damps M&A animal spirits Global merger activities are at their lowest levels since 2004, and quantitative easing is part of the explanation why there have not been more deals http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/XBQN6G/7V/h?a1=2013&a2=7&a3=12   Financials underpin advances for London stocks FTSE 100 maintains rise but at slower pace, with resource stocks looking tired after their lead position in main London index's march to five-week high http://link.ft.com/r/8P1R88/20Q56S/ZBYFC4/Q3RV8O/9MTOW4/7V/h?a1=2013&a2=7&a3=12   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..