The US authorities filed a lawsuit against Facebook - what are the implications?
European equities start higher after fresh records in Asia
On Tuesday, European bourses continued their relief surge, starting higher after Asian and American stock markets reached fresh record maximums as concerns as for Hurricane Irma as well as North Korea’s nuclear standoff relieved.
All key trading centers and most sectors stood in positive territory because thee pan-European STOXX 600 edged up 0.3%, though some traders wondered how continuous current markets levels are.
Financial equities have joined the top performers once again, with financial services SXFP as well as banking SX7P soaring 0.7% and 0.6% respectively.
Insurance companies that powered Europe's ascend on Monday with a roughly 2% leap found themselves in positive territory once again, rising 0.3%.
As for other sectors, Volkswagen gained 0.3% having announced a 20 billion euro initiative on Monday to develop zero-emission cars.
French veterinarian pharmaceutical company Virbac went down 11.7% having cut its full-year outlook.
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!