The US authorities filed a lawsuit against Facebook - what are the implications?
American futures stand still
On Monday, American futures didn’t change because market participants turn their attention to corporate earnings.
The S&P 500 futures lost 0.02% reaching 2,802.75, while Dow futures inched up 0.03% being worth 25,012.0. At the same time, the tech heavy Nasdaq 100 futures acquired 0.08% trading at 7,399.25.
On Monday, American leader Donald Trump wrapped up his European tour, with a one-on-one gathering in Helsinki with Russian leader Vladimir Putin. Some experts actually expect Russian President to urge US leader to soften sanctions. American leader has told he’s going to talk about allegations of interfering in the 2016 election to the conflict in Syria.
At the same time, on Monday, earnings season continues in earnest. Blackrock posted higher than anticipated earnings outcomes. Additionally, Bank of America managed to gain 0.53% right after its financial outcomes appeared to be better than anticipated.
Netflix is expected to come up with its financial outcomes after financial markets close. As a matter of fact, the streaming site went up 1.10%. Facebook ascended 0.24%, while General Electric tacked on about 0.36%. Microsoft jumped 0.47%, while Cisco Systems soared 0.34%.
Tesla went down 0.90% because the luxury car maker informed that its Model 3 is ready for sale in North America.
In the European Union, stocks mostly slumped. In Germany, the DAX leapt 0.10%. In France, the CAC 40 headed south 0.18%, while in London, the FTSE 100 inched down approximately 0.71%. At the same time, the European Euro Stoxx 50 headed south about 0.10%, the IBEX 35 decreased 0.19% in Spain.
Aside from that, gold futures managed to inch up to 0.18% coming up with an outcome of $1,243.40 a troy ounce. As for crude futures, they went down nearly 1.83% ending up with $68.67 a barrel.
The USD index, gauging the greenback’s purchasing power versus a bunch of six key currencies, decreased 0.14% reaching 94.31.
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.