▲ +1,152.62 / +0.92%
▲ +15.74 / +0.50%
▲ +76.13 / +0.15%
▲ +117.05 / +0.34%
▲ +79.82 / +0.51%
▼ -13.50 / -0.03%
▲ +12.55 / +0.18%
JSE Top 40
▲ +602.30 / +1.00%
- Nikkei 225: Japan’s Nikkei 225 starts the week strong with a big boost.
- SSE Composite: Asian markets appeared to show major rebounds this past week, including China’s SSE Composite.
- Euronext: The Euronext Index appeared to follow Friday’s upward tick into Monday of this week.
Last Week’s Highlights
Protests Over Cuban Economy Light Up
The 1990’s, following the fall of the Soviet Union, marked perhaps the most dire economic crisis in Cuba’s history… that is, until now. Food scarcity is at a high, meaning many go without or turn to black markets. In a rare twist, Cubans have begun to take to the streets in protest to the government’s mismanagement of funding.
Italy Wins EURO 2020
After an intense match this past weekend between England and Italy, the final outcome came down to penalties. While the EURO 2020 competition was about sport, it was also about money. For the winning Italian team, €10 million is to be divided among leaders, coaches and players. Now that sporting events are back on, football will likely continue to see more and more money poured into it.
Coming Up This Week
European Central Bank Manages Inflation Fears
As concerns rise in the eurozone regarding inflation, the European Central Bank’s president Christine Lagarde has maintained a calm message: the Euro is still on track. The ECB has maintained for nearly the last 18 years that target inflation is just under 2%. However, Lagarde recently mentioned that should the inflation rate rise slightly above, the ECB won’t see major need for concern.
New Concerns About Risk and Security of Crypto
Cryptocurrencies continue to raise doubt among many investors, which is no wonder due to their relatively short history and unregulated nature. Volatile weekends, like this past one, can prove major losses or major gains. Nevertheless, cryptocurrencies themselves aren’t the only concern; the FBI recently cited concerns for cyber attacks on holdings of bitcoin, ethereum and other similar currencies.
More Things to Sip On…
Haiti makes arrests after the successful assassination of its president.
The dangerous Delta variant of COVID-19 continues to spread around the globe.
Although China expects slow growth for this year, the country could experience a big push as the government releases $150 billion into the economy.
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 –
All market information provided was collected in the afternoon of July 9, 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.