The US authorities filed a lawsuit against Facebook - what are the implications?
Carrefour dip rattles retail equities as Europe extends revenues
On Thursday, Europe's equities extended their relief bounce, although were unlikely to dodge a third straight month of dips as they entered the last trading day of a weird turbulent August, while a revenue warning from Carrefour weighed on the retail sector.
The STOXX 600 acquired 0.5%, euro zone equities along with blue-chips rallied 0.6%, spurred by strong revenues from construction stocks and miners, while the retail sector went down 1.3%.
Carrefour stocks edged down 14%, set for their worst daily decline for 20 years. They dipped after the French supermarket chain announced that 2017 revenue could descend by 12% and cut its sales surge objective. The supermarket chain explained that weaker than expected first-half profits were caused by the fact that intense competition in the retail sector put pressure on margins.
As for French peer Casino, it also demonstrated a 5% dip because market participants faced similar pressures.
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?
Jump in to know the key market events and trading ideas for this week!
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.