Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Asian equities head north
On Tuesday, Asian markets managed to rally, with Apple suppliers outperformed right after the American tech company filed an appeal for the purpose of overturning a sales ban of some of its smartphones in China.
The news arose after on Monday Qualcomm Incorporated managed to win the patent clash in a Chinese court to get two injunctions versus Apple in selling up to seven models of its iPhone. Eventually, the company came up with an allegation that Apple dared to infringe on the patents of Qualcomm.
Apple’s equities rebounded by 0.66% in the closing time on the company’s appeal verdict, after an almost 3% tumble in its equities over the legal clash with Qualcomm.
In addition to this, Hong Kong-listed Sunny Optical Technology Group Co Ltd managed to head north by up to 4%. As for Taiwan-based TSMC, it surged by nearly 2%.
Besides this, market participants closely watched the US-China conflict, after Reuters informed that Chinese Vice Premier Liu He, Trade Representative Robert Lighthizer as well as US Treasury Secretary Steven Mnuchin discussed the roadmap for another stage of their trade negotiations.
The Shanghai Composite and also the Shenzhen Composite surged by respectively 0.1% and 0.3%. Additionally, the Hang Seng Index lost 0.2% in Hong Kong.
Besides this, Japan’s Nikkei 225 went down by 0.3%. As for Softbank Corp., it rallied by about 3% due to the fact that the company announced stocks of its mobile unit IPO would be worth 1,500 yen a piece.
In addition to this, the KOSPI index stood still sticking with 2,053.6 in South Korea. The ASX 200 tacked on by 0.4% in Australia.
Moreover, a parliamentary vote for the Brexit deal was called off by British Prime Minister Theresa May. It was postponed until a later date due to fears that the agreement would haven’t gained the necessary votes to pass through the country’s legislative body in the face of disagreements among British lawmakers regarding the Irish border.
You are still in doubt whether it makes sense to trade stocks? Watch this.
The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.