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The US faces potential insurrection

newsflight january 11

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Market News

  • Nikkei 225: Despite Tokyo’s newly instated state of emergency, the Nikkei 225 appeared to grow a fair bit over the past week. 
  • FTSE 100: In the UK, despite the recent Brexit end-of-year treaty scramble and a serious COVID-19 situation in London, the FTSE appears to be up, riding vaccine positivity.
  • NASDAQ: Of the US’ major indices to close up this past Friday, the NASDAQ Composite showed the highest close, despite local political turmoil.

Last Week’s Highlights

The US Almost Sees an Insurrection

This past week, as members of the United States’ Senate and House of Representative finalized Joe Biden’s presidential win, hundreds of pro-Trump extremist protestors gathered outside the Capitol. Influenced by Donald Trump’s ‘call to action’, his supporters violently entered the government building, facing little to no pushback from authorities. Congress Members were taken into lockdown, while the building was eventually secured. At least five people have been announced dead after the violent riots, with many others wounded.

Japan’s COVID State of Emergency

While the East Asian powerhouse had been appearing to be leading the region, and the world, in preventing the spread of the pandemic, Japan is starting the new year in a state of emergency. This SOT is specific to Tokyo and is planned to last into early February. The capital city saw reported cases rise almost 1,000 per day during the past week, showing that the third wave of the pandemic truly has begun to hit harder.

Coming Up This Week

London’s COVID Disaster

This past week, Mayor of London Sadiq Khan announced that the capital city was in crisis and that “a major incident” is occurring. Some government reports even suggest that 1 out of every 30 people living in London has caught the coronavirus. The metropolitan area’s health services are already overwhelmed, and with Europe’s second wave continuing to push hard, hospitals may not be able to handle what comes next.

Is Italy’s Brain Drain Crisis Being Eased by the Pandemic?

For the last several years, Italy has been showing serious signs of a country experiencing brain drain. Large numbers of Italians have been leaving the country to seek work elsewhere, taking with them degrees and experience that perhaps isn’t able to see fair compensation. In fact, nearly 800,000 migrants were reported as of 2019. However, the pandemic has caused many to return how to work digitally. And while this means that these Italians are spending within the country, the effect on the country’s economy isn’t expected to be long-term.


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Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of January 8, 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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