The FTSE 100 gave away -0.54% yesterday falling to 5,833 points. Standard Chartered was the biggest riser (again), up +4.12% while miner Eurasian Natural Resources sank -8.46%.
Overnight, sentiment was rather more cheery in Asia: the Nikkei leapt almost 2% on stronger earnings growth while the Hang Seng moved 0.3% up.
Let's start with RBS and a US summons. The bank, along with HSBC, Barclays, Deutsche Bank, JPMorgan and UBS, is to be investigated by US authorities for alleged Libor rigging.
RBS say it's co-operating with the investigation. The story has created huge concern in the US given that the best part of 1m US home loans have been directly linked to the Libor rate. Barclays has already paid US and UK authorities $450m to settle the accusations.
For banks like RBS, separately, the head of the Financial Services Authority, Martin Wheatley, is also taking an urgent review of Libor; he reports back next month. RBS shares currently sell for 221p, down almost -18% in the last six months.
Next, Micro Focus. The software company claims that shareholders should be set for a 50p per share windfall following a recent consolidation. The move is still subject to shareholder approval.
However reported revenues in the current year will be impacted by the weakness in the Euro:$ exchange rate. "If the exchange rates experienced in the year to date were to continue for the remainder of the year then on a constant currency basis, the comparative reported revenues for the year ended 30 April 2012 would reduce from $434.8m to $422.2m."
Finally, an interim from Daejan Holdings. Net Rental Income in both the UK and USA is in line with expectations and there were no significant sales of property in the first quarter.
"As previously reported," says the company, "a final dividend for the year ended 31 March 2012 has been proposed for payment on 9 November 2012 subject to approval at the Annual General Meeting which will be held on Wednesday 5 September 2012. To qualify for the dividend shareholders must be on the register on 12 October 2012."