The US authorities filed a lawsuit against Facebook - what are the implications?
Asia stabilizes after soar
On Wednesday, Asian equities stabilized, taking a breather after the previous day's ascend and also unable to keep up with a global soar caused by revenues for tech equities on Wall Street as well as miners in Europe.
The US currency was buoyant versus the euro and yen before a gathering of key bankers later in the week.
MSCI's broadest index of Asia-Pacific equities outside Japan that initially tacked on to a two-week maximum, pulled back to fluctuate a bit following Tuesday’s 0.7% surge.
Australian equities slumped 0.4%, while South Korea's KOSPI gave back earlier modest revenues to stand intact.
Japan's Nikkei N225 managed to buck the trend, gaining 0.5% because the greenback strengthened versus the Japanese yen.
European shares had also soared overnight, underpinned by positive results from miners as well as a weaker euro.
Meanwhile, copper retreated from a three-year maximum, while other base metals dropped too or trimmed revenue.
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 Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.