Markets
Nikkei 225
28,364.61
▲ +46.78 / +0.17%
SSE Composite
3,497.28
▲ +10.73 / +0.31%
IBOVESPA
122,592.47
0.00 / 0.00%
Straits Times
3,123.61
▲ +5.72 / +0.18%
BMV IPC
49,778.82
▼ -128.54 / -0.26%
Dow Jones
34,207.84
0.00 / 0.00%
DAX 30
15,437.51
▲ +67.25 / +0.44%
BSE SENSEX
50,651.90
▲ +111.42 / +0.22%
FTSE 100
7,023.36
▲ +5.31 / +0.08%
JSE Top 40
60,077.73
▼ -132.27 / -0.22%
Market News
- Dow Jones: This Monday morning proved promising for US markets as the Dow Jones Industrial Average appeared to start the week strong.
- SSE Composite: Though Bitcoin restrictions rocked China over the weekend, the country’s SSE Composite seemed relatively unaffected.
- DAX 30: Germany’s DAX 30 index appears to have started the week on a relatively positive note, following last week’s average performance.
Last Week’s Highlights
Belarus Forces Plane to Land and Captures Dissident
In the former USSR country of Belarus, Roman Protasevich is considered a political dissident. His creation of a digital community on Telegram is one of many forms of protest against the long-standing government of Aleksandr Lukashenko. While flying over Belarus, a Ryanair plane was forced to land for the country’s authorities to arrest Protasevich. An additional five others never made it to their final destination of Lithuania, who all likely remain in Belarus.
China Targets Bitcoin in Clampdown
China is the country with the most mining of the cryptocurrency Bitcoin, among others. However, it doesn’t seem that the Chinese government is too pleased. As a result, Beijing has announced restrictions on mining activities, likely due to the enormous amounts of energy used in the process. These actions have already appeared to affect Bitcoin’s value globally practically overnight.
Coming Up This Week
Modi’s Loosening Grip on India’s Narrative
For much of the coronavirus pandemic, India’s PM Narendra Modi appeared to be managing the spread of SARS-Cov-2. However, the last month has shown a devastating turn for the worst, with the estimated death rate soaring as hospitals remain full and unable to keep up with coronavirus case numbers. Now, the BJP leader faces serious criticism not only from external sources, but also from local media.
Global Bounce Back Could Be Unfair
Economies around the world have undoubtedly taken some of the largest, most unexpected hits in recent history. The question remains; who will recover and how quickly? Even in ‘developed’ countries like the US, many experts are unsure of the country’s economy to improve for all. Debt has risen tremendously, as markets collapsed. ‘Emerging markets’ could also face widening inequality gaps.
More Things to Sip On…
More than half of the US is now vaccinated… But experts say it isn’t enough.
Alibaba co-founder Jack Ma is taking a step back from business school obligations.
Democracy in Myanmar faces another hit, as former leader Daw Aung San Suu Kyi arrives in military court.
Academy
5 Investment Tips To Become A Smart Investor
“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.”
6 Steps to set your Personal 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.”
20 Side Hustle Ideas to Boost Your Income
“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.”
“During recession greed dies, frugality survives.”
– Amit Kalantri –
Disclaimer
All market information provided was collected in the afternoon of May 21, 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 FlexInvest team. FlexInvest 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 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 Limited.
