The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities shrug off Wall Street dip after Trump's comments
On Thursday, Asian stocks soared, shaking off the risk aversion, which hold financial markets tight overnight right after Donald Trump's threat to shut down the US government. Nevertheless, the evergreen buck was still sluggish.
As a matter of fact, MSCI's broadest index of Asia-Pacific equities jumped 0.15%.
Japan's Nikkei N225 retreated 0.25% following a stronger yen.
Overnight, American stock indexes concluded in the range 0.3%-0.4% lower.
On Wednesday, Fitch Ratings informed that an inability to lift the federal debt ceiling in a timely manner would assist it to review the American sovereign rating with quite negative implications.
While on Wednesday the evergreen buck managed to restrict losses in Asia trade, reacting to Trump's comments, the US currency resumed its dives during the US day and turned unable to recover on Thursday.
The greenback was nearly intact, showing 108.98 yen, having decreased 0.5% overnight.
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 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.
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.