Market Round-up 21.07.14 – 09:00hrs CET
Ultimatum issued for Vladimir Putin…
Britain, France and Germany warned the Russian president that he faced further sanctions on Tuesday unless he ensured that air accident investigators had full access to the crash site in eastern Ukraine.
… as evidence suggests pro-Russian separatists and Russian military personnel shot down MH17, by mistake.
According to briefings given by Ukrainian and US intelligence officials at the weekend, the shooters used a Buk-M1 surface-to-air missile launcher from near the towns of Snizhne and Torez.
But the EU remains divided over the severity of any sanctions.
Europe remains splintered in its opinions on whether to target Mr Putin’s inner circle, ensnare Russian energy groups, and move to some form of arms embargo.
At least 60 Palestinians were killed by Israeli tank shells, air strikes, or gunfire in the Gaza Strip’s largest city on Sunday.
Thousands more fled their homes, during the most intense fighting seen yet in Israel’s nearly two-week-old war against Hamas.
Led by BoE chief Carney, talks on ‘too big to fail’ banks are approaching a key stage.
Officials aim to clinch an agreement on bailing in creditors but the complexity of the topic and differences between countries’ legal regimes and corporate structures are raising questions over how detailed any framework will be.
A full-blown criminal investigation is set to be launched into alleged rigging of the $5.3tn-a-day FX market.
The Serious Fraud Office could announce a formal investigation before the end of the month, sources said, after gathering intelligence over alleged forex manipulation during the past few months.
After a six-year hiatus, China will revive mortgage-backed debt sales this week.
The government is extending help to homebuyers in a flagging property market by selling notes backed by residential mortgages tomorrow, according to a July 15 statement on the website of Chinabond.
OVERNIGHT TRADING
Asian markets
Nikkei 225 down -154.55 (-1.01%) at 15,216
Topix down -10.09 (-0.79%) at 1,263
Hang Seng up +2.37 (+0.01%) at 23,457
ASX 200 up +7.74 (+0.14%) at 5,539
US markets
S&P 500 up +20.10 (+1.03%) at 1,978
DJIA up +123.37 (+0.73%) at 17,100
Nasdaq up +68.70 (+1.57%) at 4,432
European markets
Eurofirst 300 down -0.08 (-0.01%) at 1,363
FTSE100 up +11.13 (+0.17%) at 6,749
CAC 40 up +19.19 (+0.44%) at 4,335
Dax down -33.86 (-0.35%) at 9,720
Currencies
€/$ 1.35 (1.35)
$/¥ 101.22 (101.28)
£/$ 1.71 (1.71)
€/£ 0.7917 (0.7912)
Commodities ($)
Brent Crude (ICE) up +0.03 at 107.27
Light Crude (Nymex) down -0.11 at 103.02
100 Oz Gold (Comex) up +1.80 at 1,311
Copper (Comex) down -0.03% at 3.17
Sources: FT, Bloomberg
All information correct as of 09.00CET. For the latest news from the financial markets, please visit deVere Foreign Exchange. For regular news updates throughout the day, please view deVere Market News