The US authorities filed a lawsuit against Facebook - what are the implications?
Retail equities lag quiet EU market start on competition concerns
On Friday, new concerns over competition affected Ahold as well as other EU retail equities in opening deals because the broader market tacked on ahead of speeches by major bankers at the Jackson Hole gathering in America.
Ahold went down 5% after online giant Amazon.com announced it’s going to dip prices on a range of its goods as it’s about to conclude its acquisition of Whole Foods Market.
The Dutch supermarket boasts a firm presence on the east coast of the United States.
However, revenues among financials as well as an ongoing surge in Fiat Chrysler stocks on everlasting merger negotiations helped to back the broader market, bringing the pan-European STOXX 600 index up 0.2%. In Great Britain FTSE rallied by 0.2%.
The retail index went down 0.8%, leading sectoral losers in the region. Additionally, in the sector stocks in French supermarkets Casino as well as Carrefour went down 0.9% and 1.4% respectively, while Tesco along with Sainsbury declined too.
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?
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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.