The US authorities filed a lawsuit against Facebook - what are the implications?
Asia-Pacific equities mostly rise
On Monday, Asia-Pacific equities mostly gained after US Treasury Secretary Stephen Mnuchin told that the US trade conflict with China is frozen.
The Australian stock market dived after the positive start of trading because market participants focused on trade talks between the United States and China.
Equities of crude companies jumped with the ascend in crude prices. The market value of Woodside Petroleum gained by 0.3%, Oil Search managed to acquire 0.6%, while Santos soared by more than 2%.
Large four financial institutions slumped because the Royal Commission on Banking Practice should start its work this week. Additionally, stocks of Westpac, Commonwealth Bank and National Australia Bank inched down 0.6%-0.9%, while ANZ Banking lost less than 0.1%.
In the mining sector, equities of BHP Billiton went down by 0.2%, Rio Tinto dived by 0.6%, and Fortescue Metals went down by nearly 2% after sagging prices for iron ore as well as some base metals.
Meanwhile, the Japanese stock market is making its way forward after US Treasury Secretary Stephen Mnuchin told that the US-China trade conflict is suspended. Additionally, better than anticipated, Japan's trade surplus for April also contributed to the surge of investor sentiment.
Major exporters mostly declined, notwithstanding the weaker Japanese yen. Canon, Mitsubishi Electric and Panasonic headed south 0.2%--0.4%, Sony's shares dipped by 0.4%.
The market value of Toyota ascended by 0.6%, Honda lost less than 0.1%. In the banking sector, Mitsubishi UFJ Financial paper slumped by 0.1%, while Sumitomo Mitsui Financial headed south by 0.2%.
In addition to this the Ministry of Finance of Japan posted a trade surplus of Y626 billion in April. The indicator surpassed expectations for a surplus of Y405.6 billion right after a recorded surplus of Y797 billion in March. As a matter of fact, export soared by 7.8%, reaching Y6.822 trillion, which turns to be lower than the forecast of an 8.7% surge.
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.