Markets
Nikkei 225
30,500.05
▲ +176.71 / +0.58%
SSE Composite
3,613.97
▲ +6.87 / +0.19%
IBOVESPA
107,680.22
▼ -3,759.15 / -3.37%
Straits Times
3,041.73
▼ -29.50 / -0.96%
BMV IPC
50,715.35
▼ -592.36 / -1.15%
Dow Jones
33,896.44
▼ -688.44 / -1.99%
DAX 30
15,132.06
▼ -358.11 / -2.31%
BSE SENSEX
58,490.93
▼ -524.96 / -0.89%
FTSE 100
6,903.91
▼ -59.73 / -0.86%
JSE Top 40
55,246.07
▼ -1,359.18 / -2.40%
Market News
US Markets spiral in fear as Evergrande threatens assets.
Last Week’s Highlights
Rolls Royce’s electric plane takes flight
Rolls Royce, not to be confused with Rolls Royce Motorcars, which BMW owns, is now leading the entry of the air industry into the age of sustainable energy sources. On Wednesday, the company announced that the maiden flight of the ‘Spirit of Innovation’ was a success. It flew over the U.K for over 15 minutes, marking the start of extensive safety and functionality tests for this new technology. The company expects to reach speeds of 300 miles per hour with a robust energy pack.
SpaceX launches tourists into space
The space race keeps heating up as the first tourists were sent to space by Elon Musk’s SpaceX on Wednesday last week. Four tourists were sent to space, as the first civilian crew ever to go to space commercially. The Inspiration 4 was launched from Florida’s Cape Canaveral station with a Cancer patient, a billionaire who self-funded the mission and a teacher. The capsule included provisions and food for a week, although touchdown was expected on Saturday if weather conditions allowed it.
Coming Up This Week
Evergrande is up for massive default
Some companies are too big to fail, Evergrande should be one of those as even the risk of loan default could send Chinese markets into peril. And not only Chinese companies and debtors are to worry, if the real estate giant defaults on its loans, markets worldwide may be affected. On Monday markets were spiraling down with fears of Evergrande’s fall, and a crisis is expected if the worst fears are confirmed.
August’s Consumer Report impresses the Street
Even as inflation has taken its toll on prices, retail consumers keep going to the stores in better numbers in the US as shown by an unexpected August consumer’s report. Ahead of the holiday season investors had their eyes fixed on this report, even before an important announcement on policy from the FED. Sales jumped a combined 1.8% but excluded important industries such as Auto manufacturers and air travel, due to semiconductor shortages and the delta variant respectively.
More Things to Sip On…
Bitcoin dips to 44,000 on Evergrande fears
UK food supplies remain at risk among shortages.
US to mandate vaccines for foreign travelers.
Pfizer says its vaccine is safe for children.
How to pay off debt (while prioritizing saving)
There is no one-size fits all answer. However, the options to pay off debt and saving are not, and should not, be mutually exclusive.
Bull and Bear Markets: How to tame these beasts
As long as you understand how the bull and bear markets work, there is anything for long-term passive investors to get too worked up about.
“Successful investing is about managing risk, not avoiding it.”
– Benjamin Graham –
Disclaimer
All market information provided was collected in the afternoon of September 17, 2021. 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 Investium team. Investium Limited 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 Investium 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. Investium 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 Investium Limited.
