The US authorities filed a lawsuit against Facebook - what are the implications?
European markets start lower
On Tuesday, European markets started lower because fresh tensions between North Korea and American put pressure on market sentiment and traders were still digesting the consequences of Sunday's parliamentary elections in Germany.
The EURO STOXX 50 lost 0.12%, Germany’s DAX 30 decreased 0.16% and France’s CAC 40 sagged 0.11%.
Market sentiment worsened after on Monday North Korea's foreign minister Ri Yong Ho told that US President Donald Trump had dared to declare war on his country and respectively North Korea reserved the right to put down US aircraft even if they don’t enter North Korean air space.
Aside from that traders were digesting Angela Merkel’s win on Sunday. However, the chancellor will have to build up a coalition to form a government. It’s because Conservatives lost support amid a sudden soar by the anti-immigration Alternative for Germany (AfD).
FTSE 100 edged down 0.24% in London, suppressed by WPP, whose equities dipped 1.97%.
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.