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by Tyler Durden
Monday, May 17, 2021 - 07:58 AM
US equity futures and European stocks dipped in a quiet overnight session to start the week amid renewed concerns about rising inflation and a spike in Covid-19 cases in parts of the world. Gold briefly reached a three-month high, while oil and the dollar were little changed; 10Y TSY yields rose after dropping earlier in the session.
At 715am ET, Dow e-minis were down 125 points, or 0.36%, S&P 500 e-minis were down 17 points, or 0.39%, and Nasdaq 100 e-minis were down 46 points, or 0.34%, reversing much of Friday’s rebound.
Wall Street s main indexes rebounded on Thursday and Friday as investors picked up beaten-down stocks following a pullback earlier in the week on concerns around inflation and a possible tightening by the U.S. Federal Reserve. However, the mood reversed on Monday with travel, oil & gas and industrials the weakest sectors, while telecoms and autos were strong. Shares of Discovery jumped 12.5% in premarket tradin
Sumitomo Mitsui Trust Bank Launches Japan’s First FIEA Compliant Asset-backed Security Token on Securitize
Securitize Japan, a wholly-owned subsidiary of Securitize, a liquidity and compliance platform for digital asset securities with more than 150 issuers and 200,000 investors, today announced Sumitomo Mitsui Trust Bank (SMTB) has completed Japan’s first asset-backed security token pilot issuance on the Securitize platform.
For the transaction, SMTB created beneficiary certificates representing the asset-backed securities and tokenized them using the Securitize platform. SMTB utilized Securitize’s platform, including the administrator control panel which allowed it to manage investors and the beneficiary rights ledgers, as well as issue the security tokens.
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TOKYO, May 14 (Reuters) - Japanese stocks reclaimed lost ground on Friday after three consecutive days of losses, as a rebound in Wall Street and positive corporate earnings lured buyers back to the markets.
The Nikkei 225 Index was up 1.43% at 27,840.27, as of 0200 GMT, while the broader Topix rose 1.36% to 1,874.12.
For the week, the Nikkei was on course for a 5.2% decline, which would be its biggest loss since the week ended April 3.
Technology shares led the advance as investors hunted for bargains following a global sell-off in the sector.
However, worries about Japan’s slow COVID-19 vaccine rollout and further restrictions on business activity could limit gains in equities.