Global stocks are higher, challenging the technological collapse led by Facebook



[ad_1]

Global equities were up on Friday as investors increased Facebook's market value by nearly $ 120 billion, the largest loss ever recorded in US dollars for a US company

at 12 823.64 and the CAC 40 in France was flat at 5.481.07. The British FTSE 100 rose 0.3% to 7,682.74. Futures suggested an optimistic start Friday on Wall Street, with the contract for the Dow up 0.1% to 25,548.00 and S & P futures up less than 0.1 percent to 2,843.70

ASIA: L & Japan's Nikkei 225 index added 0.6% to 22,712.75 and Kospi's South Korea rose 0.3 percent to 2,294.99. The Shanghai Composite Index lost 0.3% to 2,873.59 and the Hang Seng Hong Kong Index fell 0.1% to 28,757.20. Australia's S & P ASX 200 jumped 0.9 percent to 6300.20. Shares increased in Taiwan and Indonesia but were lower in Singapore.

WALL STREET: Facebook's tumble, caused by its warning to investors that it sees revenue growth slower in advance, has led a decline in technology shares for the S index & P 500. It lost 0.3% to 2,837.44. The Nasdaq composite index, heavily weighted by technology companies, lost 80.05 points, or 1%, to 7,852.18. But larger gains in the industrial, energy and consumer goods sectors helped offset these losses for the Dow Jones Industrial Average, which rose 0.4% to 25,527 , 07. The Russell 2000 stock index of smaller companies rose 0.6% to 1,695.36. TRADE: The agreement between President Donald Trump and a European delegation to work on a pact to dismantle the trade barrier has inspired renewed optimism among investors who trade tensions between the United States and the United States. ;European Union. can be healing. But this worries Asian trading partners, especially China, who could lose the advantage over Washington in its own disputes, especially over its soy imports.

JAPAN: The Bank of Japan is expected to hold a political meeting early next week. Analysts believe this could bring at least minor changes to the long-standing ultra-lax monetary policy of the world's third-largest economy. Sustained and sustained growth has raised hopes that the central bank should consider further tempering its mbadive purchases of government bonds and other badets.

ANALYST'S POINT OF VIEW: "The Bank of Japan's mandate is to focus on financial stability and inflation According to some, a sustained and ultra-flexible policy could generate unwanted financial risks and should therefore be reversed even if inflation remains well below the target, "said Marcel Thieliant of Capital Economics in a comment.But he added," it would take much more than a few months stronger data on wages or inflation to convince us that a change of position was a possibility in the next two years. "

ENERGY: US gross Benchmark lost 31 cents to $ 69.30 the barrel in e-commerce on the New York Mercantile Exchange.It rose 31 cents to settle at $ 69.61 a barrel on Thursday.Brent crude, used for the price of international oils, dropped by 33 cents to $ 74.79

CURRENCIES: The dollar slid to 111.14 yen against 111.23 yen on Thursday. The euro fell to $ 1.1629 from $ 1.1645.

[ad_2]
Source link