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Inequality and unemployment continue to be exacerbated by COVID crisis


Markets

Nikkei 225

23,205.43

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SSE Composite

3,355.37

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IBOVESPA

101,241.73

▲ +520.37 / +0.52%

Straits Times

2,509.64

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BMV IPC

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Dow Jones

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DAX 30

12,842.66

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BSE SENSEX

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FTSE 100

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JSE Top 40

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Market News

  • NASDAQ Composite: The US’ NASDAQ Composite showed volatility on Friday, at one point dropping more than 4% before lunchtime.
  • FTSE 100: Among the European countries most hit economically by the current pandemic is the UK, whose FTSE 100 index is down over 20% in the last year.
  • Kospi Composite: In Eastern Asia, South Korea’s Kospi Composite appears to be doing alright, with a monthly growth of around 3.87%.

Last Week’s Highlights

New Data About Global Unemployment

In the US alone, 1.4 million jobs were reported as new for the month of August, a sign that growth could be back on track. However, this number is very little, in comparison with the number of jobs lost since the month of March when the coronavirus began to take hold of the country. In fact, in the month of July, the number of Americans who officially filed for unemployment reached 51 million. Across the globe, more than one billion are without jobs, and income inequality appears to be on the rise.

Lawsuit Against Trump Administration Efforts to Cut Green Cards

The Trump Administration in the United States has taken many efforts to reduce and block immigration to the North American giant over the last four years. And after new policy’s enactment to make it more difficult for many individuals to work toward a Green Card, the administration is now facing a massive lawsuit. This attempt to block immigrants from countries like El Salvador, Sudan, Haiti, and Nicaragua (all of whom have historically been given temporary protected status.

Coming Up This Week

Peru to Participate In COVID Vaccine Testing

The South American country of Peru has signed an agreement with the pharmaceutical company AstraZeneca to participate in vaccine testing. In fact, the Andean country will receive 300 million doses as part of the deal. This news comes after months of small group testing, which showed promising results. AstraZeneca has been collaborating with Oxford University to develop and fund the process of vaccine creation.

Brazil to Pay Soccer Players Fairly

Around the world, professional soccer players have been paid unfairly based on gender for as long as the sport has been around. Women playing to represent their countries, despite even having better track records, have significantly been underpaid. Now Brazil, a major soccer country, has announced that it plans to pay its women and men’s teams national teams the same. This announcement marks a global first, and could lead the way for European and other American teams to follow suit.


More Things to Sip On…

Those most affected by the coronavirus are the elderly. So why are we overlooking them?

Violence and shooting over racial inequality continue to wrack the United States.

After the recent explosion in Beirut, the Lebanese people and first responders continue to search through the rubble.


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Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of September 4, 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.