User reports indicate problems at Meta's (META) Instagram, according to Downdetector
Meta's Instagram facing reported issues could negatively impact user engagement, prompting concerns about ad revenue and overall performance.
Philippine Central Bank says inflation outlook continues to be benign and any further easing is to be guided by data
Westpac's Ellis says can't rule out the RBA raising interest rates for a second consecutive time in March, according to Bloomberg
User reports indicate problems at Meta's (META) Instagram, according to Downdetector
PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%
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Given Instagram's significance in Meta's business model, any prolonged service disruptions may affect market sentiment towards META, particularly as the tech sector remains sensitive to operational challenges. Keep an eye on broader implications for ad-driven revenue models in equities as well.
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