Markets am: Markets mixed as US debt deal awaited, Chasing trend...

To view this email as a webpage, click here     Wednesday October 16 2013     Markets   Markets mixed as US debt deal awaited   Markets cautiously calm as they await a deal to resolve the budget impasse in Washington ahead of October 17 deadline to raise debt ceiling       Chasing trends is a dangerous game   Investors should replace market-cap-weighted benchmarks with ones based on cash, or cash flows, and limit turnover to minimise momentum-driven trading     CME raises deposit on US rate swaps   Chicago-based exchange raises the amount of capital customers must deposit to clear interest swap trades as deadline to extend US debt ceiling looms     High-priced stocks are traded in the dark   So-called odd lots trading, of company shares that are priced above $200, may be putting exchange investors at a disadvantage     China banks pry open Hong Kong IPO window   Three mid-sized Chinese lenders plan to raise money in Hong Kong as better economic data and shift in investment pry open listings window shut since June     Gold shrugs off US debt drama   The sharp contrast to 2011 when the yellow metal rallied amid the brinkmanship over the debt ceiling shows hype has left the market         Video   Does flat global trade harm GDP?   Global trade growth has stopped. Gavyn Davies, Fulcrum Asset Management principal, argues that this undermines global GDP growth, but The New York Times's Paul Krugman disagrees. Mr Davies replies to Mr Krugman's points in an interview with John Authers           Manage email    Forward this email   Feedback    Manage portfolio Subscribe to the FT Follow the FT   Unsubscribe | My Account | RSS | Privacy Policy | About Us | Help   © THE FINANCIAL TIMES LTD 2013 You have received this email because you have signed up from the NBE preference page. This email was sent by a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723.