Markets
Nikkei 225
29,518.34
▲ +160.52 / +0.55%
SSE Composite
3,427.99
▲ +9.12 / +0.27%
IBOVESPA
122,057.03
▲ +18.92 / +0.02%
Straits Times
3,182.41
▼ -17.85 / -0.56%
BMV IPC
49,249.02
▲ +315.19/ +0.64%
Dow Jones
34,777.76
0.00 / 0.00%
DAX 30
15,374.82
▼ -24.83 / -0.16%
BSE SENSEX
49,502.41
▲ +295.94 / +0.60%
FTSE 100
7,120.18
▼ -9.53 / -0.13%
JSE Top 40
62,930.78
▲ +357.42 / +0.57%
Market News
- Nikkei 225: Japan’s Nikkei 225 index could be on the up and up.
- FTSE 100: The FTSE 100 hit its highest point in over a year.
- Dow Jones: The US’s Dow Jones index appears to start the week strong.
Last Week’s Highlights
Chinese Rocket Lands in the Sea
After about a week of speculation over exactly where their rocket would land in its fall back to Earth, the office in charge of China’s space programs confirmed that it had touched down in the middle of the ocean. In fact, the majority of the rocket’s makeup eventually burned away during the fall. Now, Beijing representatives claim that US officials and media sources unfairly blew the event out of proportion.
Problematic Pandemic Patents
Patents have long protected pharmaceutical companies and medications from being produced by other companies and governments. At the same time, this has made medicine expensive and inaccessible to many people. The US announced that it wants to keep vaccines patent-free, to help the world. The EU, however, doesn’t appear pleased, as this could open doors for China and Russia to use US technology to advance their own pharmaceutical development.
Coming Up This Week
Ethereum Reaches New Record
As the top competitor to Bitcoin, Ethereum faces no small feat. As investors become increasingly comfortable with cryptocurrency, Ethereum could become more and more valuable. Though it uses the same blockchain technology as Bitcoin, Ethereum seems to be aiming to focus not only on investing, but also the use of the crypto coin for use in banks and personal transactions. Last week, it made major moves by reaching a value of over $4,000.
India’s Covid Crisis Deepens
Despite reaching global records for national infections over the past few weeks, India’s COVID-19 crisis doesn’t appear to be slowing down. US specialist Dr. Anthony Fauci has expressed concern, stating that India’s best hope could come from a total lockdown. A lockdown of this magnitude could severely affect the country’s huge informal economy, though the spread of COVID-19 could give officials no other choice to protect the people.
More Things to Sip On…
Poverty in Lebanon during Ramadan proves extremely difficult.
Barge full of weapons seized in the Arabian Sea.
Low inhibition in investors could be cause for concern.
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
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of May 7, 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.
