Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook - what are the implications?
FTSE 100 is stuck in holding pattern, with record maximum in sight
On Wednesday, British equities traded in tight ranges because market participants waited for fresh catalysts to push the markets up and break into new record territory.
The FTSE 100 index UKX slumped 0.1% being worth 7,534.49, which is 0.2% below the record maximum reached on May 26.
The London benchmark has recently been spurred by a dip in the British pound as well as by renewed confidence that Prime Minister Theresa May might hold onto her cabinet’s support for her Brexit initiatives.
May told that the ball is currently in the EU’s court for moving talks along. The prime minister also stressed that the British government is preparing for the divorce negotiations, but they might fail and offer no Brexit deal.
Meanwhile, the currency pair GBPUSD tumbled to $1.3193, sliding from $1.3204 hit on Tuesday.
Equities of Mondi PLC MNDI slid 8.6% right after the packaging and paper group informed that underlying performance for 2017 is supposed to be a bit below market expectations.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
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.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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