Japanese equities closing up as yen weakens 24 March
- high 19296.05
- low 19060.64
- Topix closes up 0.88% at 1543.92
- USDJPY 111.46 just off session highs
Expect offers/res around 111.50-55 then 111.80-112.00. Bids/demand at 111.20, 111.00 and 110.85
European stock market close 22 March 2017
Only Italy and Spain manage to gain but the rest finish higher than their lows.
- FTSE -0.7%
- Cac -0.1%
- Dax -0.4%
- Ibex +0.3%
- FTSE Mib +0.2%
- Italy 2.26% -6bp
- Spain 1.73% -8bp
- Portugal 4.16% -5bp
- Germany 0.407% -5bp
- Greece 7.40% -6bp
soggy day for Japanese equities as yen strengthens 22 March
- high 19183.27
- low 19026.53
- Topix -2.12% at 1530.20
A series of top-flight global banks assisted in helping Russian criminals launder enormous sums of money, the Guardian reports.
HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks that played a role in a scheme from 2010-2014 that laundered at least $20 billion and up to $80 billion.
An estimated 500 people were involved in laundering the money and include oligarchs, Moscow bankers and people connected to the government.
This looks like the first report in what will be a series. Leaked documents include details of about 70,000 banking transactions, including 1,920 that went through UK banks and 373 via US banks. The transactions used the offshore system to hide and move money.
It’s springtime in Japan! And thus the vernal equinox public holiday.
- Markets there are closed
Asian liquidity will be lessened by the absence of Japanese markets
The US major indices are ending the day with modest changes:
- S&P is down -3.14 points or -0.13%
- Nasdaq is +0.24 points. Unchanged on the day
- Dow is -17.74 points or -0.09%
For the week:
- S&P is up 0.24%
- Nasdaq is up 0.67%
- Dow rose by 0.06%
The provisional closes for the major European stocks are showing solid gains.
- Eurostoxx 600 up 0.6%
- UK FTSE up 0.6%
- German Dax up 0.6%
- France’s Cac up 0.5%
- Spains IBEX up 1.8%
- Portugal PS120 up 0.7%
- Italy MIB up 1.7%
In the debt market in Europe, 10 year yields are higher.
- Germany 0.448%, +3 bp
- France 1.09%, +5 bp
- Italy 2.359% +5.7 bp
- UK 1.248%, +3.7 bp
- Spain 1.893% +5.3 bp
US stocks are rebounding to unchanged levels for the major indices.
- S&P is down -2 points or -0.08%
- Nasdaq is now up by 2 points or 0.04%
- Dow is down 4 points or -0.02%
In the US Debt market, the 10 year yield is up 3 bp to 2.523%