The US authorities filed a lawsuit against Facebook - what are the implications?
Asia-Pacific equities show different directions
On Wednesday, equities of the Asia-Pacific region mostly traded in different directions due to the fact that optimism as for corporate revenue reports as well as China's incentive plan were compensated by the assumption that the Bank of Japan is unable to make instant changes in its monetary policy.
The Australian market headed south following the publication of inflation data for the second quarter. As a matter of fact, the outcome was weaker than anticipated.
As the Australian Bureau of Statistics informed, in the second quarter the consumer price index managed to leap by up to 0.4%. Market experts thought that it would soar by 0.5% and also by 2.2% in annual terms.
The revenue of mining companies was offset by the weakness of bank equities.
Large four financial institutions, including National Australia Bank, ANZ Banking, Westpac and Commonwealth dived from 0.6% to1.0%.
The equities of BHP Billiton rallied over 2%. Additionally, Rio Tinto gained 2%. At the same time, Fortescue Metals reported a profit in the amount of 1%.
The Japanese market is soaring, reacting to upbeat signals from Wall Street in the face of the positive mood as for corporate revenue reports as well as a moderately weaker Japanese yen.
In addition to this the equities of Panasonic managed to leap in price by up to 0,4%. As for Canon, it ascended by about 0,7%. Besides this, Sony came up with a 1% soar, while Mitsubishi Electric was observed soaring about 3%.
Meanwhile, in the automotive sector, it has been reported that the market value of Honda managed to ascend by up to 1%. Additionally, Toyota was caught gaining by nearly 0.1%. Besides this, in the banking sphere, Mitsubishi UFJ Financial tacked on up to 0.1%, Sumitomo Mitsui Financial edged up approximately 0.6%.
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.