The US authorities filed a lawsuit against Facebook - what are the implications?
European equities start lower ahead of fresh Brexit negotiations
On Monday, European equities started lower because market participants eyed a fresh round of Brexit negotiations due to burst out later in the day and as a stronger common currency kept weighing.
The EURO STOXX 50 sagged 0.70%, France’s CAC 40 dived 0.56%, Germany’s DAX 30 dipped 0.64%.
The single currency managed to strengthen after a speech by ECB Governor Mario Draghi at the Jackson Hole economic symposium dodged providing any fresh indication as to when the key bank might wind down its stimulus program, although acknowledged that the revival in the euro area is already gaining momentum.
The comments emerged after a speech by Fed Chair Janet Yellen didn’t make any references to monetary policy, thus disappointing some market participants who had hoped she would keep to rather a hawkish tone.
Financial stocks generally tumbled because French lenders Societe Generale as well as BNP Paribas lost 0.60% and 0.33% respectively. At the same time Germany’s Deutsche Bank along with Commerzbank decreased respectively 0.79% and 1.48%.
FTSE 100 dived 0.08% in London because a third round of Article 50 talks between Great Britain and the EU was set to start in Brussels later on Monday.
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 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.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.