The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities soar as Irma hit hard
On Monday, equities in Asia gained with market participants cautiously optimistic as for the damage from Hurricane Irma to Florida, as it didn’t appear to be as bad as expected even as Goldman Sachs dared to have its third quarter GDP surge estimate trimmed by 1% considering the impact of Hurricane Harvey.
Japan's Nikkei 225 rallied a smart 1.44%, South Korea's Kospi surged 0.79%, while the S&P/ASX 200 acquired 0.78%. Additionally, the Hong Kong Hang Seng index added 0.99%, the Shanghai Composite tacked on 0.13%.
Beside this, South Korean car makers Hyundai Motor as well as Kia Motors told they probably missed their 2017 sales objectives. On Sunday Yonhap announced that South Korean exporters have been affected by a diplomatic tiff with China as for the deployment of an anti-missile defense system. Kia and Hyundai equities erased revenues observed earlier in the session to dip respectively 0.74% and 0.94%.
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?
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.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.