The US authorities filed a lawsuit against Facebook - what are the implications?
European equities are on back foot
On Monday, European equities slumped because market participants took a cautious view of the approaching coalition tussle in Germany, reacting to elections in which Chancellor Angela Merkel managed to grasp a fourth term, although ended up seeing her party weakened by an ascend in support for the far-right.
Financial market demonstrated rather a muted reaction to currencies. The common currency took a hit, although the vast majority of regional benchmarks were intact to lower as traders took the view that a coalition government in Germany could confound some expectations for firmer euro zone integration going forward.
The STOXX 600 was nearly intact, while euro zone blue chips slumped 0.1%. In Germany, DAX went down 0.1%.
In Spain, IBEX kept lagging its counterparts, and it lost 0.6% in early trades. Apparently, the surging political crisis in Spain over Catalonia's shocking campaign for independence heavily affected equities.
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 European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.