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A bank merger setting off a domino effect?

newsflight september 21

Markets

Nikkei 225

23,360.30

▲ +40.93 / +0.18%

SSE Composite

3,338.09

▲ +67.65 / +2.07%

IBOVESPA

98,289.71

▼ -1,808.12 / -1.81%

Straits Times

2,497.71

▼ -3.07 / -0.12%

BMV IPC

36,017.35

▼ -113.57 / -0.31%

Dow Jones

27,657.42

▼ -244.56 / -0.88%

DAX 30

13,116.25

▼ -91.87 / -0.70%

BSE SENSEX

38,845.82

▼ -134.03 / -0.34%

FTSE 100

6,007.05

▼ -42.87 / -0.71%

JSE Top 40

50,399.16

▼ -300.98 / -0.59%

Market News

  • SSE Composite: In Asia, China’s SSE Composite index closed up over 2% this past Friday. And while this growth doesn’t appear to be reflected within the past month, the index is showing 11.8% growth in the last year.
  • DAX 30: Once again, Germany’s DAX 30 appears to be leading Europe through this difficult economic time. Relatively steady movements have maintained the index up 1.82% in the past month.
  • MERVAL: Argentina’s MERVAL index has been showing volatile tendencies for a while and is down this month over 14%.

Last Week’s Highlights

Disney Teams Up with Nollywood

West Africa’s biggest hub for cinema, Nollywood, is now teaming up with Disney. FilmOne, a Nigeria-based film giant, has secured rights to distribute Disney content across the countries of Nigeria, Ghana, and Liberia. This development could mean a big boost for African film production and the industry in general.

US Plan to Send PPE to Citizens Cut

Back in April when the coronavirus’ spread was first starting to ramp up in the United States, the Trump White House had been planning to send out face masks as PPE to US citizens. Instead, they decided to cut the plan. The masks were originally going to be sent to cities experiencing high infection rates. And the reason why the masks weren’t sent out? Apparently, the administration didn’t want to cause panic.

Coming Up This Week

Will Spain’s Bank Merger Set off a Domino Effect?

The Iberian country of Spain is now to experience a merger between two of the country’s largest banks. The new combination could offer the biggest lending opportunity for the county. And now, the question remains if this move will cause a domino effect across the European Union.

Corruption in South Africa Continues

Concerns about corruption in South Africa have become an increasingly hot topic in South Africa since the very beginning of 2020 and long before COVID-19 took hold of the world as profoundly as it has since March. Now amid the current pandemic, these corruption allegations could be the very thing impeding decisive and effective management of policies to contain the coronavirus. Another impact of this corruption has been on refugees fleeing to South Africa since the last few months of 2019.


More Things to Sip On…

Does Trump put politics over public wellbeing

Fires continue to rage along the US West Coast, claiming more and more victims.

A Pacific island looking to liberate itself from China.


Academy

5 Investment Tips To Become A Smart Investor

simple investment tips

“Why don’t you invest? Or why do your friends not invest? Many millennials report mistrust of the market, lack of know-how, insufficient funds, and student debt as barriers that prevent them from investing.”

Learn more »

6 Steps to set your Personal Financial Goals

financial goals

“No matter what stage of life you currently find yourself in, we’re pretty sure that you’ve given some thought about both your short- and long-term personal financial goals.”

Learn more »

20 Side Hustle Ideas to Boost Your Income

side hustle

“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.” 

Learn more »

“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of September 11, 2020. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

MARKET NEWS

More Things to Sip On…

FlexACADEMY

Disclaimer
All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.