Today the stock markets in the United States are registering some losses. Especially the tech sector, led by Amazon, Facebook, and Google, is opening in the red because the US Department of Justice announced they will be conducting an investigation regarding the operations of these companies. This may have something to do with Facebook’s recent privacy scandal and fine. The Dow Jones, S&P 500, and Nasdaq 100 were all down today.
Companies from all around the world are also publishing their earnings data today. Meanwhile, PMI data from Europe, Japan, and Australia all pointed to the slowing pace of the global economy, increasing pessimism among investors. Later today we expect the PMI from the United States as well, but once again, the markets don’t expect positive results there either.
In the United Kingdom, people are awaiting for Queen Elizabeth II to officially confirm Boris Johnson as the next Prime Minister. The British pound is shrinking under the pressure, as Johnson has promised to take the UK out of the European Union by the deadline, even if this happens without a deal.
