The US authorities filed a lawsuit against Facebook - what are the implications?
Asian stocks ascend on firm China GDP
On Monday, Asian stocks set a fresh two-year peak, underpinned by stronger-than-expected economic surge in China as well as bets that dismal American data will keep the Fed cautious as for the pace of further monetary policy tightening.
Chinese blue-chips managed to recoup abrupt early losses after data revealed that the world's second-largest economy ascended at a moderately faster than expected pace of 6.9% during the second quarter, due to robust industrial output, exports and retail sales.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks extended earlier profits to gain 0.4% after the buoyant China reports. Japanese markets didn’t function due to a holiday.
Australian stocks, which started on Monday in negative territory, rose 0.1%, while South Korea's KOSPI ascended 0.4%.
Meanwhile, in China the CSI 300 leapt 0.2%, having dropped 2.2%. The Shanghai Composite narrowed earlier drops as much as 2.6%, tumbling 0.1%.
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!