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Earthquake Devastates Turkey and Greece

newsflight november 2

Markets

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Market News

  • Hang Seng: Hong Kong’s Hang Seng index closed down this past week at 1.95%, after a rather tumultuous week. 
  • CAC 40: As France returns to stricter circulation restrictions, its CAC 40 index closed down over 300 points from its highest point this past week.
  • NASDAQ: As the presidential election approaches and COVID-19 continues on, the US’ NASDAQ Composite’s outlook has been looking bleak, closing down 2.45% this past Friday.

Last Week’s Highlights

Earthquake Devastates Turkey and Greece

This past Friday, Greece and Turkey experienced a nearly 7.0 earthquake. Turkey’s President Recep Erdogan announced that he plans to put all available resources toward recovery and reached out to the Greek people and government as well. As of Friday, the death toll had reached 14 people and many others injured, but these numbers are subject to change as search missions begin.

Islam and France’s Fraught Relationship

For years, the French have intended to educate all immigrants in a similar, secular style. As of late, this style has often accompanied ignorance and offensive behaviors by Frenchpeople toward Muslim immigrants. The culmination of cultural misunderstandings has resulted in terrible and violent crimes. Interestingly enough, protests outside of France in majority Muslim countries have broken out, protesting French products and norms.

Coming Up This Week

European Countries to Move Patients Over Borders

The European continent continues to see increasingly worrying signs that this second wave of COVID-19 has hit the region much harder than the first, with little signs of slowing down. As the continent heads into winter, many leaders like Germany’s Angela Merkel are warning of what’s to come. Leading this surge are France, Spain, and the UK, with scary statistics only worsening. In fact, the number of hospitalizations for COVID-19 cases has risen so much that the EU has announced new funding it will provide for patients to be moved across borders to receive treatment.

The Lead Up to the US Presidential Election

As November 3 gets nearer, the noise around the US general election continues to get louder. Polls can’t always accurately predict an outcome, but they do continue to show various results for many swing states. In the final days, both Trump and Biden have made rounds in areas of high importance, hoping to convince voters. The election is so awaited, in fact, that people around the world have begun to make major bets on the candidate they think will win.


More Things to Sip On…

Amid a second wave of COVID-19, the EU could introduce new stimulus options.

The Trump Administration plans to sell US planes to the UAE.

Some candidates for US Congress support conspiracy theories.


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.”

Learn more »

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 October 30, 2020. 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.

MARKET NEWS

More Things to Sip On…

FlexACADEMY

Disclaimer
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.