The US authorities filed a lawsuit against Facebook - what are the implications?
European stocks stand still
On Tuesday, European stocks fluctuated between minor gains and losses in the face of a flurry of deal making as well as earnings as traders cautiously monitored developments around US-China trade negotiations.
As a matter of fact, the pan-European STOXX 600 index stood still. As for London's FTSE 100, it underperformed due to the fact traders got back from a long weekend.
Milan's FTMIB along with Madrid's IBEX 35 index surged by over 0.3%, underpinned by dealmaking activities.
UniCredit, Italy's number one financial institution told it was considering a sale of its FinecoBank unit and had come up with measures just to ensure the online broker was able to operate outside the group.
Across the region, financial institutions inched down by about 0.7% that appears to be the greatest sectoral tumble.
Spain's Cellnex told it would proceed with purchasing Iliad's mobile tower assets in Italy and France for up to 2 billion euros.
On the STOXX 600, both Illiad and Cellenex found themselves among top-notch performers.
In addition to this, Germany's biggest residential property company Vonovia managed to push the real estate sector up over 1.5% right after it had its full-year gain guidance increased.
As for France's Alstom, it managed to rally after the transport infrastructure group reported a firmer annual gain, backed by contracts and orders.
As for divers, Henkel headed south over 4% after the German consumer goods company posted a gloomy quarter of earnings as its adhesives business was affected by diving industrial output, while its beauty unit underperformed in China and western Europe.
G4S stocks went down by 2% right after Garda World Security Corp had interest in its cash solutions business dropped.
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.