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European woes continued (ISFM) (23-05-2012)

Asian stocks lower on no new easing measures by BOJ (MarketWatch) (23-05-2012)

Currency Exchange Rate

Forex

Asian Markets
10:30am GMT (23-05-2012)
Index	Value	% Change
NIKKEI 225	8,556.60	- 1.98
HANG SENG	18,786.19	- 1.33
SHANGHAI SE COMPOSITE	2,363.44	- 0.42
TAIWAN TAIEX	7,147.75	- 1.75
KOSPI 100	1,808.62	- 1.10
S&P/ASX 200	4,067.00	- 1.31
NZX 50 FF	3.510.20	- 0.56
STRAITS TIMES	2.780.42	- 1.53

10 Top Performing Japan Banks
(23-05-2012)
Bank	Close	Pct Change
YACHIYO	1.581	+0.95%
NAGANO	143	+0.70%
HIGASHI-NIP	162	+0.62%
MIE	171	+0.58%
SAGA	185	+0.54%
CHIBA KOGYO	381	+0.26%
KITA-NIPPON	1.992	- 0.10%
OKINAWA	3.400	- 0.29%
TOCHIGI	252	- 0.40%
JUROKU	234	- 0.43%

Today was another day of doubt as to whether a solution would be agreed upon to repair Europe’s faltering economy, which pushed world markets considerably lower. All eyes are trained on the meeting of the 27 EU country leaders in Brussels later today; analysts are concerned that if there are no specific solutions to these issues, stock markets will be further affected.  Earlier in Asia, markets dropped sharply on European concerns, which were affecting sentiment. Stocks in Tokyo deepened losses as the yen strengthened after the Bank of Japan decided against further monetary easing measures. Exporters were hurt, as were financials, which fell across...

SYDNEY — Asia markets declined on Wednesday with stocks in Tokyo deepening losses after the Bank of Japan failed to announce any new easing measures.  Japan’s Nikkei Stock Average fell 1.5%, South Korea’s Kospi dropped 1.4%, and Australia’s S&P/ASX 200 index fell 1.1%.  In China, Hong Kong’s Hang Seng Index slumped 1.7%, while the Shanghai Composite shed 0.5%.  In Hong Kong, Li & Fung Ltd. declined 3.7%, while Europe-exposed fashion retailer Esprit Holdings Ltd. lost 2.4%, and shipping firm China Cosco Pacific Ltd. slumped 3.6%.  Among financials, Aozora Bank Ltd. lost 2.3%, and Nomura Holdings Inc. dropped 2.2%.  In Sydney, iron-ore miner...

Euro at 21-mth low fearing Greek exit from euro-zone (MarketWatch) (23-05-2012)

Gold leaves back gains on EU meeting (Reuters) (23-05-2012)

FRANKFURT — The euro reached its lowest level against the dollar since August 2010 on Wednesday, extending a slide tied to worries over the implications of a potential Greek exit from the shared currencies and ahead of a meeting of European leaders later in the day.  The single currency traded at $1.2643, down from $1.2688 in North American trade late Tuesday. The currency traded as low as $1.2613, according to FactSet Research data, its lowest level since Aug. 25, 2010.  The ICE dollar index climbed...

SINGAPORE – Gold had losses on Wednesday with investors being sceptical  that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold dropped to as low as $1,555.03 an ounce earlier in the day, reaching its lowest level in nearly a week, tracking a weaker euro as investors fretted about the possibility of a Greek exit and its implications for the global economy.        Spot gold lost 0.8 percent to $1,555.41 an ounce by 0629 GMT after falling...

Hedge fund founder ordered to pay ex-partners $35 mil (Reuters) (23-05-2012)

Hedge fund founder James Crombie, a one-time JPMorgan Chase & Co trader, was found on Tuesday to have defrauded his former partners and was ordered to pay them $35 million by a Delaware Court of Chancery judge to compensate Peter McConnon and Timothy Lyons for their contributions to starting Paron Capital Management LLC and for lost future...

HONG KONG — The BOJ decided not to add any additional easing measures at its policy meeting leading that way the Japanese yen higher. According to the Bank od Japan, the Japanese economy was shifting to a phase of faster growth as public investment increased and private consumption improved.  The central bank’s decision came just hours after Prime Minister Yoshihiko...

Currency Summary

European stocks lose gains awaiting Greek, EU news (MarketWatch) (23-05-2012) 

Oil loses $1 hoping for Iranian deal (Reuters) (23-05-2012) 

U.K. retail sales fall 1.1% in April (MarketWatch) (23-05-2012) 

Futures open with losses; Dell in focus (Reuters) (23-05-2012) 

German borrowing costs fall to record low (Bloomberg) (23-05-2012) 

Treasurys gain on disappointing EU summit data (MarketWatch) (23-05-2012)