The US authorities filed a lawsuit against Facebook - what are the implications?
Asian stocks surge ahead of Yellen
On Wednesday, Asian stocks managed to tack on after Wall Street weathered a fresh twist in the controversy over Donald Trump's hypothetical connection with Russia, while market participants looked ahead to Fed Chair Janet Yellen's comments.
Outside Japan MSCI's broadest index of Asia-Pacific stocks soared 0.4%. Japan's yen-sensitive Nikkei tumbled 0.3% on the yen's revenues, though MSCI's dollar-denominated Japan index inched up 0.4%.
American shares took a brief dip after emails unveiled Trump's eldest son welcomed assistance from a Russian lawyer for his dad’s 2016 election campaign versus Hillary Clinton. Nevertheless, by the closing bell, Wall Street stocks recovered from their losses.
The US currency failed to revive after the damage inflicted by the recent twist in the Trump campaign's hypothetical links with Russia.
The evergreen buck dived 0.3%, hitting 113.60 yen, diving from a four-month peak of 114.495 yen hit on Tuesday.
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?
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.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.