The US authorities filed a lawsuit against Facebook - what are the implications?
China equities reach 21-month maximum
On Monday, Chinese equities ascended after a week-long break because a dismal poll on the country's service sector didn’t manage to suppress optimism on global surge, while political uncertainty provoked turbulence for the Turkish as well as British currencies.
Liquidity was actually lacking with South Korea and Japan on holiday and also a partial holiday in America, where equities will be open, although bonds are going to be closed.
The Chinese blue-chip CSI300 index tacked on 1.7% reaching maximums not observed since late 2015, perhaps, in a delayed reaction to a planned easing by the country's major financial institution announced last week.
It helped to compensate a dip in the Caixin index of service sector activity to September’s 21-month minimum, which is a contrast to upbeat numbers in manufacturing.
As for spreadbetters, they also pointed to opening revenues for most key EU bourses.
The global economy definitely continues its synchronized revival, as follows from firm data across regions, including wage surge surprises in Japan and America.
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!