The US authorities filed a lawsuit against Facebook - what are the implications?
American futures head south notwithstanding upbeat September
On Friday, Wall Street futures pointed to a low start with mixed signs, although US equities were on track for monthly revenues in what has turned to be the least volatile September ever.
The blue-chip Dow futures soared 0.06%, the S&P 500 futures sank 0.05%, and the tech-heavy Nasdaq 100 futures leapt 0.14%.
Notwithstanding the signal from futures for Friday’s weak start, Wall Street was on track for some sturdy monthly revenues on the last trading day of September.
On Thursday, the Dow had soared approximately 2% this month. The S&P 500 gained 1.6%, the Nasdaq boasted a 0.4% gain for the month.
For Friday’s trading session, market participants are going to focus on personal income as well as spending data, not to mention the core PCE deflator, which is the Fed’s preferred inflation indicator.
American crude futures were intact sticking to $51.56, while Brent crude futures sank 0.23% trading at $57.03.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
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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.