The US authorities filed a lawsuit against Facebook - what are the implications?
American stock funds report the greatest withdrawals in five weeks
For the last week American fund investors managed to diminish their exposure to stocks and they bought bonds, as Lipper data disclosed on Thursday. It’s because saber-rattling between North Korea and America shook market sentiment.
In America, for the seven days through August 9 stock funds reported $2.8 billion in withdrawals, thus marking the most impressive outflows for five weeks.
Almost $31 billion shifted into quite low-risk money market funds, which is the strongest outcome since 2013. Nearly $4 billion moved into municipal as well as taxable bonds.
Market participants took that defensive crouch because during the week America and North Korea exchanged threats. For instance, on Tuesday, Donald Trump told that aggression from Pyongyang would be repelled with fury and fire like the world has never observed. On the contrary, North Korea's state media informed that the country considered launching missiles toward the US Pacific territory Guam.
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.