The US authorities filed a lawsuit against Facebook - what are the implications?
Tech sector suppresses European equities on busy earnings day
On Friday, European stocks were led lower by tech equities because they tracked losses among global counterparts, reacting to an earning miss at Amazon. Meanwhile, a flurry of company results didn’t managed to ensure support.
The region's tech index, this year’s number one performer, lost 1.5%, assisting to put pressure on the pan-European STOXX 600, making it lose 1.1%. In the UK the FTSE 100 sank 0.5%, while lately penalized by a strong euro export-orientated German blue-chips went down 0.7%.
The STOXX is braced for concluding the month down 0.3%, with a weekly 0.5% dip.
France’ data disclosed that the euro zone's second-largest economy inched up 0.5%, just as expected, underpinned by a soar in exports.
As Thomson Reuters IBES data states, nearly 40% of companies in the MSCI Europe index have posted outcomes with 52%, thus defying earnings estimates. As for second-quarter earnings surge, it will probably account for 19.7%.
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.