The US authorities filed a lawsuit against Facebook - what are the implications?
European equities decline as geopolitical tensions put pressure
On Monday, European equities started lower because geopolitical tensions kept weighing on market sentiment, affecting demand for risk-related assets, including shares.
The EURO STOXX 50 lost 0.68%, Germany’s DAX 30 dived 0.52% and France’s CAC 40 sagged 63%.
Market participants were still cautious after last Thursday’s terrorist attack in Barcelona murdered up to 14 people and also injured 100 others.
Additionally, on Sunday North Korea warned that joint American-South Korean military exercises expected to burst out on Monday will add fuel to the fire of already tough tensions with Washington as well as its allies.
Political tensions in America were still in focus, reacting to Friday’s reports that senior White House advisor Steven Bannon had been sacked.
Financial stocks mostly lost because French lenders BNP Paribas as well as Societe Generale went down 1.39% and 1.04% respectively. Meanwhile, Germany’s Commerzbank and Deutsche Bank decreased 0.23% and 0.33% respectively.
Britain’s benchmark FTSE 100 tumbled 0.29%.
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.