Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook - what are the implications?
Asian equities tack on
On Monday, Asian equities leapt, taking their cue from Wall Street. Meanwhile the US currency moderated, though retained most of its profits after stronger-than-expected July job data.
European markets are braced for extending the global surge, with financial spreadbetter CMC Markets supposing Britain's FTSE to start 0.3% higher, while Germany's DAX and France's CAC 40 are expected to start the trading day 0.2% higher.
MSCI's broadest index of Asia-Pacific equities outside Japan headed north 0.6%.
It helped to raise the MSCI World index 0.2% to an all-time maximum.
Besides this Nikkei gained 0.6% in Japan.
However, Chinese blue chips reported only moderate revenues, with market participants reluctant to stake out new positions ahead of a storm of July data.
On Monday, the evergreen buck lost, reacting to a firm ascend on Friday after data disclosed that the previous month American nonfarm payrolls edged up by 209,000 jobs, and June's employment profit was revised upwards.
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Latest news
USD strengthened as optimism waned
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.
Stocks up, USD down
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
Lots and lots of PMIs on Friday
PMI reports from the EU, the UK, and the USA will be released during the day!
Deposit with your local payment systems
