The US authorities filed a lawsuit against Facebook - what are the implications?
Asian stocks show mixed performance with China getting a boost
On Monday, Asian stocks were mixed in thin regional trade amid Mainland China getting a boost.
Meanwhile, the ASX 200 went down 1% in Australia. The heavily-weighted financials subindex slumped 1.28% because key banking equities were pressured. Stocks of ANZ slumped 1.26%, Westpac dipped 1.54%, Commonwealth Bank lost 0.96%, and the National Australia Bank declined 1.44%.
Japan's benchmark Nikkei 225 sank 0.84%, while the Shanghai composite managed to add 0.11%. Additionally, the Hang Seng index surged 0.46% in Hong Kong.
The previous week, American shares retreated from record peaks on the back of ascending American political jitters as well as an earnings report from General Electric, which undershot Wall Street forecasts bringing the broader market lower.
On Friday, the political scandal involving Donald Trump heated up right after Special counsel Robert Mueller urged the White House to preserve all documents regarding the June 2016 meeting that US President as well as other associated had with a Russian attorney.
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!