The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities stand still as traders wait for Fed clues
On Wednesday, Asian stocks generally didn’t change after Wall Street again grew to record maximums. However, moves were quite limited because a wait-and-see mood dominated before the Fed unveils its monetary policy stance a bit later in the day.
Spreadbetters actually expected the UK’s FTSE to start intact. As for Germany's DAX as well as France's CAC they were supposed to start down approximately 0.1%.
The caution in markets ahead of the anticipated meeting has kept some market participants from making radical adjustments to their trading positions notwithstanding potentially higher tensions over North Korea following hawkish remarks from Donald Trump overnight.
Additionally, MSCI's index of Asia-Pacific equities rallied 0.05%.
As for Japan's Nikkei N225, it didn’t change. Shanghai gained 0.3% and Hong Kong's Hang Seng managed to gain 0.2%.
Besides this, the three key American stock indexes grew on Tuesday, thus reporting record closes.
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 market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!