New copyright law could impact companies

Daily Analysis - 27/03/2019

The first version of the law probably affects Facebook and Google

european-copyright


European legislators passed an extensive copyright improvement that may negatively impact tech companies like Google and Facebook.

The legislation is intended to make the EU's laws covering copyright more robust and support publishers and artists whose works have been generally dispersed on the internet.

On Tuesday the first version of the new copyright law was established in Strasbourg by legislators at the European Parliament. However, it yet requires to be approved by ministers at the Council of Europe. Google has been especially disapproving of the proposal. They believe that this law threatens to affect the business model of its service YouTube and Google News.

Global concerns drive Asian stocks


On Wednesday Asia Stocks remained mixed while trader’s fears covering the viewpoint for the global economy lingered.

The broad MSCI Asia-ex Japan index was somewhat raised at 524.16 while The Japanese Nikkei 225 fell more than 0.20% to close at 21,378.72.  Automaker Nissan shares fell 3.5%. The Topix index too dropped more than 0.50 to finish at 1,609.48.

South Korean Kospi fell 0.15% to finish at 2,145.60, while Samsung Electronics shares improved from an earlier fall to increase more than 0.20% following a Tuesday announcement that its first-quarter profits would likely drop short of expectations.

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Oil is going higher


On Wednesday Oil prices edged higher, increasing prior session's growth. However, profits remained frozen due to the increasing worries covering the influence of global economic retardation on demand. The U.S. crude futures attached 9 cents and reached to $60.00.The U.S. benchmark grew $1.12, to $59.93 a barrel in the previous session.

Brent was higher by 17 cents at $68.13 shifting earlier losses. On Tuesday, the global benchmark climbed to $67.97 a barrel.

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Dow registered gains


On Wednesday morning the U.S. stock index futures were higher, while investors continued to try to understand what happened with the sharp change in bond markets.

Dow Jones Industrial Average futures grew 39 points. That was an indication for a positive open of more than 38 points. S&P 500 and Nasdaq Composite were both seen higher.

Wall Street's main indexes recorded stable profits in the previous session but closed under their session tops due to the underlying anxieties regarding the economic outlook.

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