The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities are mixed with China down notwithstanding sold manufacturing PMI
On Thursday, Asian shares were quite mixed, with a firm manufacturing PMI from China dipping to lift Shanghai or Hong Kong, although other financial markets managed to gain on local data sets.
The Shanghai Composite went down 0.65%, the Hang Seng index sagged 0.56%.
In China, August’s official manufacturing Purchasing Managers' Index hit 51.7, surpassing hopes, as Tuesday’s data disclosed.
Experts surveyed by Reuters actually expected China to report official PMI of 51.3 for August, a minor dip from July’s reading of 51.4.
Japan’s provisional industrial output slumped 0.8% for July, which is more than a 0.5% sag expected. The Nikkei 225 leapt 0.74%.
Additionally, Toshiba's try to sell its memory chip unit turned to be in the spotlight right after Reuters announced a consortium headed by Bain Capital had rolled out a last-minute bid of about $18 billion.
Overnight, American equities concluded higher, buoyed by reports showing the US economy is still on track to demonstrate sturdy surge in the third quarter, thus raising investor sentiment on riskier assets.
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.
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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.