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Billions lost as ship blocks the Suez Canal

suez canal

Markets

Nikkei 225

29,176.70

▲ +446.82 / +1.56%

SSE Composite

3,418.33

▲ +54.74 / +1.63%

Bovespa

114,780.62

▲ +1,030.72 / +0.91%

Straits Times

3,157.95

▲ +16.24 / +0.52%

BMV IPC

47,379.19

▲ +366.82 / +0.78%

Dow Jones

33,072.88

▲ +453.40 / +1.39%

DAX 30

14,748.94

▲ +127.58 / +0.87%

BSE SENSEX

49,008.50

▲ +568.38 / +1.17%

FTSE 100

6,740.59

▲ +65.76 / +0.99%

JSE Top 40

61,244.27

▲ +1,965.38 / +3.32%

Market News

  • IBOVESPA: Amid Brazil’s COVID-19 crisis, the IBOVESPA index continues to show volatile behavior. 
  • Dow Jones: The Dow Jones industrial average appeared to end the day Friday with a promising uptick.
  • SSE Composite: The SSE Composite closed up Friday, although a major rebound for Chinese stocks doesn’t seem the case.

Last Week’s Highlights

Cargo Ship Stuck in the Suez Canal

As the point of passage for millions of dollars in cargo annually, the Suez Canal is extremely important for worldwide trade. Tuesday of last week, a cargo ship got stuck diagonally in the canal, blocking the way. This event is estimated to cost global markets at least $9 billion every day that the ship stays put. Unfortunately, it seems as though weeks could go by before cargo can be taken off and the ship is freed. In the meantime, plenty of other ships remain waiting to make their way through.

New Zealand Paves the Way for Parents’ Rights

Around the world, more and more legislation has been created to protect and help new parents. However, miscarriages are often a taboo issue seldom broached in legal and personal spheres. New Zealand has decidedly taken on this troubling, yet very common, topic. Legislators this week approved a law to give women and their partners three days of legal leave from work after a stillbirth or miscarriage in an effort to put the mental health and wellbeing of workers at the fore. 

Coming Up This Week

Human Rights Violations Continue in Upended Myanmar

Since the military coup staged in Myanmar on February 1 of this year, the number of atrocities ensuing appears only to rise. As a result of the sudden shift from democratic power to authoritarian rule, many citizens have taken to the streets in protest. Hundreds of these protesters have been killed, and many others now hiding from the military.

Brazil’s COVID Crisis Only Worsens

Despite general positive attitudes around the globe surrounding access to COVID-19 vaccines, the pandemic continues to rage on in Brazil. As of late, the death toll has reached over 300,000 in a country of around 212 million. The country’s president, Jair Bolsonaro, has refused to take considerable measures to prevent the spread and treat those affected, leading to disastrous clinic conditions. On top of this, a new variant that is seemingly more contagious has spread like wildfire.


More Things to Sip On…

Former CDC leader expresses concerns about COVID-19’s true origins.

Is France “high risk” in Europe’s third wave?

States rights and federal rights face off as new Georgia legislation appears to target racial minorities


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.”

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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 March 26, 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 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.

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.

Market News

Wild Card

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