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Zomato takes Indian markets by storm

newsflight july 19

Markets

Nikkei 225

28,003.08

▼ -276.01 / -0.98%

SSE Composite

3,539.30

▼ -25.29 / -0.71%

IBOVESPA

125,960.26

▼ -1,507.62 / -1.18%

Straits Times

3,152.30

▲ +12.32 / +0.39%

BMV IPC

50,274.85

▲ +1.70%

Dow Jones

34,687.85

▼ -299.17 / -0.86%

DAX 30

15,540.31

▼ -89.35 / -0.57%

BSE SENSEX

53,140.06

▼ -18.79 / -0.04%

FTSE 100

7,008.09

▼ -3.93 / -0.06%

JSE Top 40

60,437.58

▼ -1,001.53 / -1.63%

Market News

  • Dow Jones: This past Friday, the Dow Jones fell nearly 300 points. 
  • SSE Composite: After the announcement of US sanctions on China, the SSE Composite closed the day down on Friday.
  • DAX 30: Germany’s DAX 30 index appears to keep climbing steadily.

Last Week’s Highlights

Zomato Takes Indian Markets by Storm

With an over $1.2 billion valuation, food delivery service Zomato has shocked Indian markets. As India continues to struggle with COVID-19 infections and insufficient vaccines, Zomato is a potential piece of good news for the economy. Many are calling Zomato a “unicorn” for its unexpectedly positive explosion in popularity.

Yellen Calms Concerns Over Inflation

Former Fed chair and current Treasury Secretary Janet Yellen announced this last week that concerns over inflation needn’t worry the American public. While Yellen has recently expressed positive sentiment about current chair Jerome Powell, she still maintains some concerns. Perhaps the most pressing issue for Yellen are housing prices.

Coming Up This Week

US Sanctions Put Stress on China

The Biden Administration recently announced new sanctions on China as Beijing increasingly encroaches on Hong Kong democracy. Protests in the last year have ignited international outrage over continued attempts by China to take further control over the special territory. Chinese officials are expected to strike back against these US measures.

The New Space Race

Tech companies headed up by billionaires from Blue Origin to Virgin Galactic are making waves. As Jeff Bezos prepares to take off into space, Richard Branson came back to Earth this past week. The question now is… Will any of this competition matter down the line?


More Things to Sip On…

How much is it really worth to work on Wall Street? More time than you might think.

Poverty and lack of food continue to fuel protests in socialist Cuba.

Flooding across Europe has caused already significant damage to cities and towns alike.


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
All market information provided was collected in the afternoon of July 16, 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.

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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