
The US authorities filed a lawsuit against Facebook - what are the implications?
On Friday, American futures headed south due to the fact that profit forecast cuts from a number of businesses as well as poor retail sales over the holidays threatened to reverse Wall Street's five-day leap as traders fear a probable recession.
As a matter of fact, the S&P 500 futures went down by 0.11%. Meanwhile, Dow futures tumbled by 0.04%. As for Nasdaq 100 futures, they slipped by 0.20%.
The equities had soared earlier this week on signs that the major US bank could suspend its stance on policy tightening as well as optimistic trade talks from China and America.
However, dismal holiday sales from Macy’s along with cuts in profit forecasts from American Airlines and Apple, among others, could erase earlier profits.
Besides this, the US government shutdown has managed to become the longest in history. As a result, up to 800,000 federal staff members will miss their first paycheck of 2019. American leader is currently at a standstill with Democrats over the government shutdown because Trump insists that the budget should include funding to erect a wall on the U.S.-Mexico border.
Anheuser Busch Inbev turned out to be among the top performers in premarket trading, soaring by 5.4%. As for Netflix, it tacked on by 2.4%. Besides this, Procter & Gamble Company headed north by 0.4%. Moreover, Apple Inc rallied by 0.4% after it told that it came up with up to three new iPhone models in 2019.
Pacific Gas & Electric went down by 6.9%, Frontline dived by 4.6%, while Facebook headed south by 0.5%. Activision Blizzard Inc tumbled by 7.3% after it uncovered it chose Bungie to transfer its publishing rights for its Destiny.
Meanwhile, gold futures went up by 0.4% being worth $1,292.35 a troy ounce. Crude futures surged by 0.5% trading at $52.89 a barrel.
The US authorities filed a lawsuit against Facebook - what are the implications?
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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