The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities dive across the board on American jitters
On Friday, Asian shares inched down across the board, taking a cue from a shaky Wall Street because political woes for Donald Trump threaten his tax cut as well as infrastructure spending initiatives.
Japan's Nikkei 225 sank 1.10%, South Korea's Kospi declined 0.21%.
Other financial markets in Asia tumbled, with the S&P/ASX 200 losing 0.72%. Meanwhile, in China, the Shanghai Composite decreased 0.20%, the Hong Kong Hang Seng index inched down 0.71%. Additionally, in China, July’s data on house prices revealed a 9.7% soar, versus a 10.2% surge reported in June.
Wynn Macau’s stocks descended 2.23% right after Hong Kong-listed subsidiary of Wynn resorts unviled a revenue of HKD 1.59 billion for the first half of 2017, surpassing the HKD 1.1 billion recorded for the same period of 2016.
Overnight, American shares concluded lower because the recent controversies absorbing Donald Trump powered worries that his pro-surge policies could be postponed, compensating positive reports showing that the US economy kept strengthening.
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.