The US authorities filed a lawsuit against Facebook - what are the implications?
European shares sharply decline after Barcelona attack
On Friday, European equities started steeply because market sentiment weakened reacting to news of a recent terrorist attack in Barcelona, while political turmoil in America also kept rattling traders’ confidence.
The EURO STOXX 50 lost 0.89%, Germany’s DAX 30 dipped 0.69%, France’s CAC 40 decreased 0.90%, while Spain’s IBEX 35 inched down 0.98%.
Market sentiment was affected after on Thursday a van suddenly rammed into pedestrians in a crowded tourist area, Barcelona, murdering 13 people and injuring up to 100 others.
Financial markets were also anxious after on Wednesday eight chief executives abandoned two business advisory councils protesting over Donald Trump’s quite controversial statement on weekend violence in Virginia.
Financial equities broadly declined because French lenders BNP Paribas as well as Societe Generale lost 1.71% and 1.32% respectively. Meanwhile, Germany’s Commerzbank as well as Deutsche Bank went down 1.19% and 2.22% respectively.
FTSE 100 sagged 0.61% because British lenders tracked their EU rivals lower.
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.