Markets
Nikkei 225
23,410.63
▼ -96.60 / -0.41%
SSE Composite
3,336.36
▲ +4.18 / +0.13%
Bovespa
98,309.12
▼ -744.95 / -0.75%
Straits Times
2,533.02
▲ +9.40 / +0.37%
BMV IPC
37,876.49
▼ -182.74 / -0.48%
Dow Jones
28,606.31
▲ +112.11 / +0.39%
DAX 30
12,908.99
▲ +205.24 / +1.62%
BSE SENSEX
39,982.98
▲ +254.57 / +0.64%
FTSE 100
5,919.58
▲ +87.06 / +1.49%
JSE Top 40
50,697.69
▲ +193.80 / +0.38%
Market News
- Nikkei 225: Though the Nikkei 225 index from Japan often leads Asian indices, this past week it appeared to be not as strong as its peers, like the SSE Composite. It closed Friday down 0.41%.
- FTSE 100: The last few days of this past week showed a slight uptick for the UK’s FTSE 100 index, closing up at 1.49%.
- MERVAL: Argentina’s MERVAL index has kept us on the edge of our seats, as volatility continues to be high. However, for the moment the index closed the day Friday up 1.63%.
Last Week’s Highlights
8 Million and Counting, US Case Numbers Keep Rising
Numbers of those infected by COVID-19 continue to rise in the United States and officially surpassed 8 million since the beginning of the pandemic. Trends show new growth regarding the number of cases being reported, an uptick not seen since July. By far, California, Texas, and Florida lead the country’s 50 states, all nearly with two times the number of infections as the state with the next highest report, New York.
Johnson’s Brexit Announcement
The UK’s breakup with the European Union still remains without a deal. PM Boris Johnson announced this past week that the UK is looking at a very likely exit from the EU without any sort of deal. Trade relationships appear to be the biggest hurdle for the governments to manage. And while technically the UK already is no longer part of the EU as of January of this year, there doesn’t seem to be much hope for the UK to end up in a favorable position.
Coming Up This Week
Are Luxury Goods Back on the Market?
After nearly all of 2020 has been spent social distancing, serious consequences for global economies and personal financial planning don’t seem to be quite over yet. As the pandemic continues on, a bit of surprising news has surfaced: people have started to take an interest in luxury items again. Typically, when financially tough times come around, luxury goods are often the first thing to go. However, consumers often like to remain optimistic and start to buy once again. Interestingly enough, it even seems that the resale luxury market has been gaining momentum amidst COVID-19’s grim grip.
The Future of Ocean Travel Inspired by the Past
Over the last few years, wind travel has started to peak the interests of innovators in the realm of green energy. Instead of shipping goods overseas in cargo ships powered by heavy fossil fuels, or even recent breakthroughs in low-emission fuels, Swedish innovators have decided to look to the past. Long ago, wind-powered ships were how navigators made their way from port to port. Now, creative sail designs could be the future.
More Things to Sip On…
Hong Kong’s struggle with communist China appears to be long from over.
Former Mexican general is arrested in California on corruption and drug trafficking charges.
Disney movies are now being flagged for racist content.
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 October 9, 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.
