Investment Markets Overview – w/e 20 July 2012

Just weeks after Barclays bank was exposed as, ”manipulating” the Libor rate and fined £290m, HSBC, Europe’s largest bank, was slammed in a US senate committee report which states that $Billions were laundered via the bank’s US arm by the likes of Mexican drug cartels, Cayman Island secretive accounts and an alleged $16BN of Iranian transactions, possibly violating American transparency laws Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations., described HSBC as having a, “pervasively polluted,” culture with the report going on to criticise  the US lead banking regulator, the  Office of the Comptroller of the Currency (OCC) for failing to properly monitor HSBC over a number of years. Faced with fines and settlements of up to £640m, HSBC’s head of group compliance has resigned after a 20 year career at the bank. Needless to say there has been no mention of any resignations and/or penalties against those responsible at the OCC.

 

Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional content:-

      • US economic statistics released this week included advance retail sales for June, which  . . . .

      • Euro-Zone CPI for June remained at  . . . .

      • Retail sales disappointed in June, at   . . .

      • The FTSE 100 ended lower by  . . .

      • Out East, Japan’s department store sales   . . .

      • This week we look at China’s main stock index against money supply . . . 

      • The Nikkei fell by  . . . 

      • The $US index added . . . 

      • For the commodities complex, $Oil gained . . . 

      • Consumption rose throughout the 1980s until 2005/06 . . .

  • Charts:-

    • Indices Weekly
    • S&P500 vs Housing Index
    • UK CPI  vs EU CPI
    • China Money Supply vs Shanghai Comp . . China GDP
    • Total US Petroleum & Other Liquids


  • Table of 15 Indices, 11 columns of detailed information, for accurate analysis

“     If you invest all your money in debt, do not be surprised of losses

Click  HERE  to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section

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