Markets
Nikkei 225
27,833.29
▲ +285.29 / +1.04%
SSE Composite
3,467.44
▼ -82.96 / -2.34%
IBOVESPA
125,052.78
▼ -1,093.88 / -0.87%
Straits Times
3,138.99
BMV IPC
50,274.85
▲ +1.70%
Dow Jones
35,061.55
▲ +238.20 / +0.68%
DAX 30
15,574.59
▼ -94.70 / -0.60%
BSE SENSEX
52,883.45
▼ -92.35 / -0.17%
FTSE 100
6,998.62
▼ -28.96 / -0.41%
JSE Top 40
61,511.59
▼ -421.39 / -0.68%
Market News
- Dow Jones: The Dow Jones Industrial Average closed at a record high on Friday after shaking off Delta variant fears.
- FTSE 100: China’s strict regulatory measures hit the FTSE 100 and other European markets.
- SSE Composite: Major Asian markets lost amidst Chinese regulatory clampdown.
Last Week’s Highlights
A volatile week for US indices
US stocks started Monday sinking in one of the worst trading days on the NYSE in months, especially due to a selloff caused by fears among investors of the setbacks on recovery that the delta variant may cause. However, markets shook off these fears the rest of the week, helping stocks rise back to record levels by the end of the week.
Zomato’s first trading day
Continuing on Zomato’s impressive IPO listing more than a week ago, the Indian tech unicorn impressed investors even further by rising to unprecedented levels, 65% price increase, on Friday on its first trading day on the Mumbai Stock Exchange. The company ended the day with a market value of 13 billion Dollars.
Coming Up This Week
Fed to announce new monetary decisions
The Fed will kick-off a two-day meeting on Tuesday and is set to announce decisions late on Wednesday. It is expected that these announcements will include efforts to curb inflation as regulators are worried about the effect of the delta variant on the economy, as it already caused a selloff on the NYSE on Monday, sinking markets.
Big tech reports warm-up earnings season
The biggest names in the tech world are set to present their second-quarter earnings reports. Big names in the S&P 500 like Apple, Microsoft, Amazon, Facebook, and Alphabet are in the list of companies submitting their Q2 reports and are expected to warm an already interesting earnings season in which about 88% of tech companies in the S&P, of 24% that have submitted Q2 reports, surpassed Wall Street’s expectations.
More Things to Sip On…
Is Janssen’s monodose effective on the Delta variant? Studies say it may need reinforcement.
Chinese stocks listed in the U.S may be a risky buy after new sanctions.
Cryptocurrencies are having a great start to the week, as seen on the Asian Markets.
Restaurant workers in the U.S are becoming scarce! People are quitting mid-shift.
How to pay off debt (while prioritizing saving)
There is no one-size fits all answer. However, the options to pay off debt and saving are not, and should not, be mutually exclusive.
Bull and Bear Markets: How to tame these beasts
As long as you understand how the bull and bear markets work, there is anything for long-term passive investors to get too worked up about.
“Successful investing is about managing risk, not avoiding it.”
– Benjamin Graham –
Disclaimer
All market information provided was collected in the afternoon of July 23, 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 Limited 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 Limited.
