Markets am: China stocks hit by interbank rate spike, Do not get...

To view this email as a webpage, click here     Friday December 20 2013     Markets   China stocks hit by interbank rate spike   Chinese shares unsettled by volatility in interbank rates while the yen hits 5-year low as the Bank of Japan reaffirms dovish stance       Do not get wrong-footed on descent from QE   In the Fed's descent from its peak, there is a risk of going too slow. If easy money stays for too long, then there is a risk of asset price bubbles, particularly in stocks     High yield bonds benefit from market rotation   While equities have outperformed bonds this year, fixed income remains an important portfolio asset and sales , particularly in high-yield paper, are robust     Miliband attack won't prick property bubble   The Labour leader's criticism of land hoarding masks concerns of rising costs in the building trade from labour and materials     China cash injection fails to calm lenders   Shanghai Composite falls 2% as money market rates remain at dangerously high levels despite an emergency cash injection of a reported Rmb200bn     FTSE flat after BAE loses Saudi contract   Europe's main share markets are treading water, with industrial stocks dragging on indices across the region         Video   Three steps to consumption   There is still no end in sight to monetary easing in Japan. Martin Wolf, chief economics commentator, explains to John Authers that Abenomics has succeeded in raising inflation expectations, but that other arrows must be fired to release trapped funds into the economy.           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.