The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities are fragile as Trump turmoil and Korea tensions add pressure
On Monday, Asian equities were fragile because market participants remained quite unconvinced regarding Donald Trump's ability to comply with his economic agenda, even notwithstanding the recent departure of his controversial policy strategist drove hopes of some progress.
In Japan, Nikkei lost 0.3% reaching a 3-1/2-month minimum, shrugging off a Reuters survey that showed in August confidence at Japanese manufacturers got to its highest value in a decade.
MSCI's broadest index of Asia-Pacific equities outside Japan stood in the black due to moderate revenues in China, though many financial markets, including South Korea and Australia, found themselves in the red.
European equities are expected to go down, with spread-betters facing a lower start of 0.3% in the British benchmark FTSE, and also 0.2% in France's CAC.
S&P Mini futures decreased 0.1% being worth 2,424, which is not far from their one-month minimum of 2,419.5 hit on Friday.
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?
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.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.