Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Asia-Pacific stocks are mixed
On Friday, Asia-Pacific stock indices were quite mixed amid cautious trading after US President Donald Trump dared to cancel the highly anticipated summit with North Korean leader Kim Jong-no and also accused North Korea of showing great anger as well as open hostility. Prolonged emotions about trade wars also greatly impacted the mood of investors.
However, some of the markets in the region have regained earlier losses after North Korea stated that it’s ready for negotiations with the United States notwithstanding the cancellation of the meeting by Trump.
The Australian market tumbled after dismal signals from Wall Street. Banks, mining and crude companies declined, gold and mining stocks gained.
Shares of BHP Billiton dived by more than 1%, Fortescue Metals lost by 1%, and Rio Tinto went down by 0.5%.
Westpac, Commonwealth Bank and National Australia Bank went down in the range 0.3%-0.9%, while ANZ Banking tumbled less than 0.1%.
Besides this, Santos equities dived by 0.5%, Oil Search went down by nearly 1%, while Woodside Petroleum edged down more than 2% after crude prices sank during the night.
The market value of Evolution Mining declined by nearly 2%, Newcrest Mining lost more than 1% after the price of gold rallied overnight.
The Japanese market recovered after a poor start, as North Korea told it was ready to resolve issues with the United States notwithstanding the cancellation of the summit.
Canon stocks tacked on 0.2%, while the market value of Mitsubishi Electric went down by 0.1%, Sony lost 1% and Panasonic edged down by 0.3%.
Among the car makers, Toyota and Honda diminished their capitalization by respectively 1% and 0.4%.
In addition to this, equities of Kirin Holdings inched up more than 4%, Sumitomo Dainippon Pharma gained nearly 3%, while IHI Corp. acquired more than 2%.
You are still in doubt whether it makes sense to trade stocks? Watch this.
The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.