Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities are mixed on Fed views
On Thursday, stocks in Asia were mixed, with financial markets digesting the Fed views on interest rates as well as the latest Bank of Japan review.
The Nikkei 225 tacked on 0.47%, Australia's S&P/ASX 200 went down 1.09%. The Hang Seng index soared 0.10% in Hong Kong. Meanwhile, the Shanghai Composite inched up 0.21%.
On Wednesday, Japan's Toshiba told it would have its memory chip unit sold to a consortium underpinned by Bain Capital. ¥2 trillion – that’s what the deal is worth.
The Bank of Japan didn’t change its monetary policy after the conclusion of it two-day gathering on Thursday.
As the Fed told, it would get down to unwinding $4.5 trillion in financial crisis-era support already in October and the major US bank stuck to its forecast to lift interest rates again in 2017.
Storm-related disruptions as well as rebuilding will impact economic activity in the USA in the nearer future, although past experience suggests that the storms won’t materially alter the course of the US economy over the medium term.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
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.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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