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Strong falls on Wall Street, on track to close its worst September in 18 years


Wall street it is trading with new and hard falls after closing its third week in the red on Friday. The main US stock exchanges are carried away by the correction of technology, the wait for another round of stimulus and the scandal of two banks in the country (JPMorgan and BNY Mellon) that have allegedly moved illicit funds. If the New York indices continue on this path in the remainder of the month, the New York Stock Exchange will close its worst September in 18 years.

The news media is based on leaked Suspicious Activity Reports (SARs) submitted by banks and other financial companies to the US Department of the Treasury's Financial Crime Enforcement Network (FinCEN).

Transactions reportedly total about $ 2 billion that moved between 1999 and 2017 which they were identified as suspects by the internal compliance departments of financial institutions.

All banks are reacting with falls. In the case of US entities, JP Morgan left almost 4% and BNY Mellon more than 3%.

They are also seeing very hard falls in Nikola (-20%). The company collapses on the floor after its founder has resigned. Suspicions of fraud weigh on him. Some accusations that have weighed its price in recent weeks.

Crude is also not getting rid of the correction that are registering markets around the world. West Texas, a benchmark in the United States, fell by more than 4% to below $ 40, while Brent, a benchmark in Europe, fell 3.7% to $ 41.54.

Facebook is also making headlines. Mark Zuckerberg's social network hthreatened to leave the European Union if the transfer of data from European users is prohibited.

The new wave of stimulus may be slow to arrive after the passing of Supreme Court Justice Ruth Bader Ginsburg. His death may end in a bitter nomination process for his replacement before the elections. Trump tries to use it to his advantage and has stated that he will nominate someone this week, taking criticism from both Democrats and even Republicans for not even respecting mourning.

On the other side of the Atlantic, the Ibex has fallen hard, weighed down by its banks and the tourism sector. Finally, in Asia the stock markets have also closed in the red after the falls of HSBC and Standard Chartered, two of the banks allegedly involved in the funds' plot.

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