With the beginning if new trading week it is still hard to say whether markets are fully awoke. Asia has goor results only with Japan not celebrating and dollar with this dollar tries to get better and stonger. There is also news from USA's "Russian" investigation and some new rules for blockchain technologies using companies.
Emirates bank to buy out Sberbank branch.
Emirates NBD PJSC is looking to buy out Sberbank’s PJSC’s branch which is for now wholly owned by Turkish bank. Although the talks are private for now, anonymous resources say that they are quite active.
For now, is it unclear, whether Sberbank is going to sell the piece of itself to be in Dubai’s property. According to the calculations, 99.9% of stocks could be worth $4.12 billion. For now, in Moscow one stock of Sbrbank costs 265.5 rubles ($4.7215) – it fell 0.6 percent.
For Emirates NBD this is not the first purchase. A month ago, the bank started discussions for the purchase of Denizbank which costs $3.4 billion.
New rules for Blockchain companies.
Mariano Rajoy Brey and his party have issued a statement that they are now working on a project that will help giving financial preferences and tax reliefs for the companied that have implemented blockchain into their work.
Officials are sure that these new rules are will help make Spain attractive for the blockchain companies that work with health, education and finances. They also hope to popularize blockchain based ICOs.
Law will also provide protection for the investors.
Question of Russian meddling in the US election is still open.
Even though US has a federal holiday today – the President’s day – there is not much grounds for celebration this year. President’s rating is really low and the decision that he makes are very unpopular within the country. Plus, the fact, that the “Russian” investigation is still open doesn’t make Trump’s job easier.
Weekend wasn’t relaxing for Donald Trump as it came by with FBI talks and self-defenses in Russian investigation. Seems that everyone is named guilty by the President. Except Russia, that is.
Trump keep defending his win in the 2016 elections via his Twitter account and insisting that there was no meddling from Russia’s part. In one of his tweets Trumps said that "This is not acceptable. They are spending too much time trying to prove Russia collusion with the Trump campaign - there is no collusion. Get back to the basics and make us all proud!"
Crude, currencies and stock overview.
Although Asia is off trading these days, that doesn’t mean that the stocks have to stop living for the time of Lunar New Year’s celebration. Japanize markets keep pushing and are showing great results.
Topix Index jumped 2.2 percent; Nikkei 225 Stock Average is up 2 percent – good performance for both Indexes.
S&P 500 Index’s Futures are up 0.4 percent.
MSCI Asia Pacific is also showing gain - +0.9 percent.
Japanese yen fell after having a good trading week and with dollar gaining more weight it now costs 106.47 yen per dollar.
Euro and pound are both almost unchanged – $1.2410 and $1.4026 respectively.
WTI rose 1.2 percent to the point of $62.40 per barrel.
Gold is 1.347.47 USD per ounce, silver is $16.652 for the same weight.
