The US authorities filed a lawsuit against Facebook - what are the implications?
Asia stocks edge down on Fed minutes
On Thursday, most Asian stock markets went down following minutes from the Fed’s last meeting, which revealed a lack of consensus on the future pace of American interest rate hikes, while crude prices tacked on following yesterday’s steep dip.
Outside Japan MSCI's broadest index of Asia-Pacific shares headed south 0.2%. Japan's Nikkei went down 0.3% as a stronger yen affected the outlook for export earnings.
South Korea's KOSPI decreased 0.2%, while Australian stocks slumped 0.3%.
Meanwhile, China's blue chip CSI 300 index showed a 0.2% sink, while Hong Kong's Hang Seng lost 0.1%.
This week trading in Asia has been impacted by tensions on the Korean peninsula. North Korea dared to fire a missile. As US officials state, it happened to be an intercontinental ballistic missile. It fell into Japanese waters.
On Wednesday, the United States told it was ready to employ force if required to stop North Korea's nuclear missile program, though added it preferred global diplomatic action versus Pyongyang.
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.