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The new strain taking Europe by storm

newsflight march 8

Markets

Nikkei 225

28,864.32

▼ -65.79 / -0.23%

SSE Composite

3,501.99

▼ -1.50 / -0.04%

Bovespa

115,202.23

▲ +2,512.05 / +2.23%

Straits Times

3,013.85

▼ -0.93 / -0.03%

BMV IPC

46,342.54

▲ +338.35 / +0.74%

Dow Jones

31,496.30

▲ +572.16 / +1.85%

DAX 30

13,920.69

▼ -135.65 / -0.97%

BSE SENSEX

53,119.96

▲ +2,714.64 / +5.39%

FTSE 100

6,630.52

▼ -20.36 / -0.31%

JSE Top 40

62,788.64

▲ +538.61 / +0.87%

Market News

  • Dow Jones: The Dow Jones Index appeared to be making major rebounds toward the end of last week. 
  • FTSE 100: The last month has shown major volatility for the UK’s FTSE 100, and with the new UK variant of the coronavirus, the index’s behavior in the new few months could remain so.
  • Nikkei 225: This past week showed a slightly downward trend for the Nikkei 225 index.

Last Week’s Highlights

Europe’s Current COVID Wave, Powered by New Strains

Around the world, new strains of the coronavirus have popped up. This variability is exactly what makes the virus so powerful; it means that reinfection is a real threat. In Europe, a specific new strain appears to take swift action in infecting people, causing whole communities to be down for the count in a matter of days. This variant has origins in the UK, with little formal knowledge of its characteristics and power.

The US Economy’s OK Start 2021

After an especially unimpressive end to 2020, the US’ economy had hopes to make a major rebound in the first quarter of 2021. Thus far, January and February seem to have shown potential. In fact, the Federal Reserve shows that it is very possible for growth to hit even 10% by the end of March.

Coming Up This Week

The Future of Travel; Vaccine Passports

As vaccination campaigns start gaining more momentum, more people will start to travel around the world. In a pre-COVID-19 society, vaccines weren’t common necessities to enter many countries. Now, however, this will likely be the new norm. Passports (likely digital) that contain proof of COVID-19 vaccination might become required to enter into countries, but perhaps also to move around within one’s own country.

China’s Growth Projections for 2021

After the coronavirus devastated Wuhan and many other cities in China starting in December of 2019, the country’s economy and global reputation took a major nose dive. However, Beijing seems optimistic for 2021. In fact, the Chinese government announced its new objective to grow 6%. And while this may not seem a very lofty goal for the world’s second-largest economy, it does reflect an understanding of the weight put on the country by the pandemic.


More Things to Sip On…

Is India’s economy really on the up and up? Modi seems to think so.

East African country Kenya starts its vaccination plan.

The smallest state taking a big fall; Rhode Island and the coronavirus.


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 March 5, 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.

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