The US authorities filed a lawsuit against Facebook - what are the implications?
Asian markets slide as traders take a breather
On Tuesday, Asian markets took a breather, with traders taking profit across the region, following a recent ascend. Apparently, on Monday, the losses tracked the same moves in American markets at the close.
Hong Kong's Hang Seng Index decreased 0.11% trading at 26,441. In Singapore FTSE Straits Times Index dropped 0.06% hitting 3,296.10. In Korea, Kospi slid 0.06% being worth 2,128.21. Meanwhile, in Japan, the Nikkei lost 0.69%, trading at 19,979.50. Additionally, the Jakarta Stock Exchange Composite Index slumped 0.27% trading at 5,825.25.
On Tuesday, China's markets kept going down notwithstanding the upbeat data posted yesterday. The Shanghai Compasit Index decreased 0.62% hitting 3,156.76, and the technology heavy Shenzhen Composite Index tumbled 0.55% hitting 1790.55.
As for Thailand, it gained, with the SET Index standing still with profits of 0.05%. In the Philippines the PSEi Index managed to grow 0.19%.
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.