Yesterday Facebook has released a positive quarterly report of strong growth in all major indices.
The social network reported growth in almost all indicators, but also warn that this trend is about to end and that the North American market reached saturation point.
At this time, the price of the share falls by 5% at the pre trading in Wall street.
Drama in the UK:
The government will have to get the parliamentary approval regarding the implementation of Section 50 and to start the Brexit.
The dramatic decision of the Court adds uncertainty to the process of separation of the UK from the EU and its implications.
As a result, the British pound jumps against the US dollar.
WTI crude oil rising by 0.4% and traded at a price level of $ 45 a barrel.
The Brent crude oil is rising by 0.5% and is trading at a price level of of 47 dollars per barrel.
The European stock markets on a downward trend in view of the general market nervousness ahead of the US elections next week.
The FTSE decreasing by 0.2%, THE dax lost 0.3% and the CAC retreated by 0.3%.
Forex trading:
The US dollar is going down against most of the currencies of the developed economies.
The US dollar retreated against the Japanese yen by 0.4%, and against the Swiss franc it falling by 0.2%.
The trading on Wall Street stock markets ended yesterday with declines, after the interest rate decision at the Open Market Committee of the Federal Reserve.
As expected, the interest rate was left unchanged in the range of 0.25-0.5 percent.
In a daily summary, the Dow Jones fell by 0.3%, the S&P 500 was down by 0.6% and the Nasdaq retreated by 0.9%.
The Oil price falls by more than 3% after the US Energy Agency reported at an increase of 14.4 million barrels of oil production in the week ended Oct. 28, well above the expectations of an increase of 2 million barrels.
The sharp rise output indicates a rise in global oil supply, and therefore the oil prices are down.
The trading on Wall Street is conducted with declines ahead of the rate decision, tonight, at the Open Market Committee of the Federal Reserve, which expected to leave it unchanged in the range of 0.25-0.5 percent.
The credit rating agency Moody’s said that if Britain will not be able to get a good enough deal of the exit from the EU, it will have to cope with the downgrading of the rating.
The production index of purchasing managers in the Euro zone in October recorded the fastest growth in three years – 53.5 and beat the earlier forecasts.
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