Did you know that a HSBC debit card does not work in Brazil anymore? I asked them why but nobody there seems to know. They are completely in the dark. Is this important? Who knows. I am in Brazil and I can't access my money on deposit so it is important to me.
Oil firms, banks bruise FTSE 100
Banks dropped in London on Wednesday after a commission called for sanctions for bad bankers, while oil firms on the decline put further pressure on the U.K. benchmark.
The FTSE 100 index UK:UKX +0.04% dropped 0.3% to 6,356.93.
Shares of HSBC Holdings PLC UK:HSBA -0.45% HBC +1.38% HK:5 -0.36% lost 0.9% after the Hong Kong Monetary Authority Tuesday said it was investigating HSBC and other banks over the possible rigging of local benchmark interest rates.
Banks mostly drop in London on Wednesday.
Other banks were also on the decline as a U.K. parliamentary commission called for criminal sanctions for incompetent bankers in a review of British banking culture.
Lloyds Banking Group PLC UK:LLOY -0.13% LYG +1.82% slipped 0.3% and Standard Chartered PLC UK:STAN +0.07% fell 0.2%.
Shares of Aggreko PLC UK:AGK -3.37% dropped 3.3% after UBS cut the temporary-power-solutions firm to neutral from buy. The analysts said a weaker power-project environment coupled with U.S. and Australian dollar exposure present headwinds.
Oil firms further dropped, ignoring a rise in oil prices. Shares of BP PLC UK:BP -0.73% BP +0.07% lost 0.8%, BG Group PLC UK:BG -0.63% dropped 0.6% and Royal Dutch Shell PLC UK:RDSB +0.12% RDS.B +0.06% slipped 0.1%.
Sentiment: Strong Sell
In Japan, broad losses in banks and telecommunication shares weighed on the market after two days of gains for the benchmark Nikkei Average. the broader Topix index JP:I0000 +0.15% ended the day 0.2% higher.
Stocks in Japan and Hong Kong ended with small losses after a choppy trading session Tuesday, as investors pondered whether the U.S. Federal Reserve will maintain its monthly bond purchases.
Mainland Chinese and South Korean shares rose after also charting a volatile course that saw them change direction multiple times.
Japan’s Nikkei Stock Average JP:NIK -0.20% and Australia’s S&P/ASX 200 AU:XJO -0.24% each slipped 0.2%, while Hong Kong’s Hang Seng Index HK:HSI -0.0001% ended fractionally lower.
On the upside, China’s Shanghai Composite CN:SHCOMP +0.14% rose 0.1%, Taiwan’s Taiex XX:Y9999 +0.23% gained 0.2% and South Korea’s Kospi KR:SEU +0.93% added 0.9%.
Reuters
The performance in Asia was mixed despite a triple-digit point gain for the Dow Jones Industrial Average DJIA +0.73% overnight.
Trading in the U.S. and other global markets has been volatile, as investors remain focused on the Federal Open Market Committee policy decision Wednesday, which investors are hoping will provide clues on how long the Fed will maintain its $85-billion-a-month in bond purchases.
“We expect this nervousness to continue to dominate until the FOMC rate decision and Chairman [Ben] Bernanke’s press conference on Wednesday, with asset prices remaining vulnerable to news headlines, keeping the volatility elevated,” Barclays analysts wrote to clients.
In Japan, broad losses in banks and telecommunication shares weighed on the market after two days of gains for the benchmark Nikkei Average. the broader Topix index JP:I0000 +0.15% ended the day 0.2% higher.
Firm
HBC
EPS 2013E
$6.07
EPS 2014E
$4.86
HSBC (HBC) and Standard Chartered (SCBFF.PK) are most at risk of an emerging market selloff,...
HSBC (HBC) and Standard Chartered (SCBFF.PK) are most at risk of an emerging market selloff, says JPMorgan, owing to their high exposure to ... emerging markets. In a report titled - "Fed Tapering: Who is afraid of EM selloff? We are!" - the bank says EM is going through the most disruptive period since Lehman and warns of a "material slowdown" in EM fixed-income revenues and "drying up" volumes. Also worth keeping an eye on are European banks with heavy LatAM exposure
After a $2.6b purchase-leaseback deal with LATAM, analysts have raised AER's next year's EPS by 31c to $2.59, and the stock is still priced at $16.50...
Sentiment: Hold
In China, More Signs of Slowing Economic Growth
Sentiment: Strong Sell
ECB says eurozone recession will deepen this year
European Central Bank says the eurozone economy will shrink by 0.6% in 2013 as it considers unconventional policies to kickstart growth
..............................Bundesbank lowers German GDP forecast
Hong Kong stocks opened to modest losses Friday on caution ahead of the U.S. nonfarm payrolls data, with heavyweight HSBC Holdings PLC losing ground
buy @ $48-$50 no rush now.....technically.....this is it...!!!
Looks like volume and momentum are really starting to pick up on MISM. I bet MISMwont stay this cheap for long
HBC is in Asia not only Europe???
QE or No QE....lol
Sentiment: Strong Sell

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