The US authorities filed a lawsuit against Facebook - what are the implications?
European equities climb up on reviving reflation trade
On Tuesday, strength among commodity companies as well as banking equities, not to mention a string of solid updates underpinned European equities in early deals.
The STOXX 600 index rallied 0.3% backed by strength in mining companies and banks, while blue chips managed to earn 0.4%.
Germany's DAX leapt 0.1%, while the commodity-heavy FTSE 100 acquired 0.5%.
Dutch paints producer Akzo Nobel happened to be one of the greatest individual drags on the STOXX. Nevertheless, it dropped 1.3% as its second quarter profit ruined expectations.
Updates also put pressure on paper maker UPM, chocolate maker Lindt & Spruengli, chemicals company Croda International, as well as Domino's Pizza. Their average losses ranged 3-6.5%.
Although it’s still early days for the EU second quarter earnings season as just 20% of companies have provided updates, more than half of them have surpassed experts’ expectations, as Thomson Reuters data states.
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.