The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
British stocks break 3-day losing streak
On Tuesday, British stocks grew for the first time in four trading sessions, driven by a weaker pound, with precious-metals miners among the number one advancers on the back of solid revenues for gold as well as silver prices.
The FTSE 100 UKX inched up 0.5%, trading at 7,319.98, rebounding from Monday’s 0.5% sag.
Randgold Resources Ltd surged 1.91%, demonstrating one of the biggest revenues on Tuesday.
Meanwhile, gold rallied 0.53%, hitting $1,259.70, while silver added 0.87%, trading at $18.35.
Besides this, in the mining space, stocks of Anglo American PLC AAL acquired 1% after the company’s majority-owned De Beers Group posted a 4.9% soar in diamond sales in the third cycle of 2017.
The London benchmark FTSE 100 was also backed by a weaker pound. The currency pair GBP/USD declined to $1.2433 from $1.2487 on Monday. Approximately 75% of profits generated by FTSE 100 companies come from abroad; therefore poor sterling helps to boost those earnings.
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.