Markets
Nikkei 225
29,520.07
▼ -42.86 / -0.14%
SSE Composite
3,655.09
▲ +51.60 / +1.43%
Bovespa
119,428.72
▲ +128.89 / +0.11%
Straits Times
2,925.48
▼ -0.36/ -0.01%
BMV IPC
44,190.50
▲ +130.41 / +0.30%
Dow Jones
31,458.40
▲ +27.70 / +0.09%
DAX 30
14,049.89
▲ +8.89 / +0.06%
BSE SENSEX
51,544.30
▲ +12.78 / +0.03%
FTSE 100
6,589.79
▲ +61.07 / +0.94%
JSE Top 40
60,673.94
▲ +253.49 / +0.42%
Market News
- FTSE 100: The UK’s FTSE closed up this past week, though this behavior hasn’t been characteristic of the index over the last month.
- S&P 500: In the US, the S&P 500’s behavior has meant that its average has stayed relatively the same over the past week and month.
- All Ordinaries: Australia’s All Ordinaries index has closed the week down, although this doesn’t appear to be the general trend over the past month.
Last Week’s Highlights
Trump’s (Second) Impeachment Trial Starts
This past Tuesday, the former President of the United States Donald Trump’s second impeachment trial started. And while many Republicans appeared to be disgusted and concerned by Trump’s incitement of riots on the Capitol, many still appear to be defending him. Democrats, on the other hand, took a full-on approach to explore the violence that occurred back in January. Time will tell if party lines decide to impeach Trump.
Oil Appears to Be Back
As of late, crude oil prices appear to be skyrocketing. This bit of news accompanies the fact that the amount of natural resources that remain available on the Earth continues to decrease. Price growth could prove positive for many oil-producing countries.
Coming Up This Week
European Countries Closing Borders Again
Many countries in the European Union have introduced policies to close down borders in an attempt to prevent COVID-19 from spreading. In January, however, many kept them open, with the hope that citizens would stay home and only necessary travel would take place. Despite this struggle to maintain open borders, Germany has officially announced that it will close its borders. The main reason is to keep new COVID-19 strains from spreading.
Italian Populism Likely to Win Out
In Italy, perhaps the hardest hit European country by COVID-19, economist Mario Draghi appears to be winning out. Draghi used to be the leader of the European Central Bank and implemented policies to preserve the euro during moments of economic crisis. The party that backs him, the Five Star Movement, has a populist focus and currently holds the majority of Italian political power.
More Things to Sip On…
After years stuck under a strict conservatorship, Britney Spears is freed in a new trial.
Myanmar’s oppressive coup continues to suppress free speech.
Tech giants rally against a major merger.
Academy
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 –
Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of February 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.
