Markets am: Equities retreat as yen finds its feet, Time to take...

To view this email as a webpage, click here     Wednesday December 11 2013     Markets   Equities retreat as yen finds its feet   Riskier assets are losing favour as the yen gains and investors position for approaching holiday season       Time to take the Bitcoin bubble seriously   Bitcoin's cryptographic defences, the ability to pay instantly and trace each transaction made with each coin, all offer advantages     Be prepared for bubble trouble ahead   Equity valuations are probably now fair to slightly high. Investors should not expect a repeat of the expansion in multiples that led recent performance     Nikkei gains lack bull market conviction   Overseas investors still more interested in betting on a weakening yen than weighing prospects for Japan Inc, leaving market in grip of 'fast money'     Bringing shale benefits to the US driver   Lifting the crude oil export ban would lead to lower international prices and ensure the benefits of the shale revolution reach US consumers, says Citigroup     RBS falls on finance director's departure   UK bank is biggest faller on main London index, down 1.5% on the news that its finance director is leaving for a rival after just 10 weeks in the job         Video   Surprise heroes of 2013   This year brought surprises in the phantom US taper and Europe's return to normality. Laurent Fransolet, Barclays' chief European interest rate strategist, tells the FT's John Authers that while Europe is stabilising, the risk lies with the US taper           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.