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Monday, 21 November – quick market update
COP27 ended on Sunday with an agreement for richer countries to fund poorer nations, although details need to be agreed. There was also a failure by countries to agree to phase out fossil fuels, meaning commitments on emissions did not go further than the weakened Glasgow COP26 pledge to phase down polluting coal power and…
FINANCIAL WEEK IN A GLANCE: are there any positives?
A late-day rally lifted US stocks on Friday, after another week-long sell-off sent the S&P 500 briefly into bear market territory. The broad measure ended the session little changed after earlier falling as much as 2.3%, bringing it more than 20% below its 3 January all-time high — the technical definition of a bear market. The…
A WEEK IN FINANCIAL MARKETS
Equity markets ended last week on a positive note, with rises across the board on Friday, including the FTSE All-Share and Euro STOXX 600 which were both up +2.6% and the S&P 500 up +3.1%. The S&P ended up +6.5% for the week, the Dow Jones up +5% and the NASDAQ up +7%, making it…
Can you leave your pension savings to your loved ones?
Pension rules now make it possible to pass your pension plan on to your loved ones without paying the previous 55% ‘death tax’. These basic checks and steps can normally make sure your pension savings go to the right people in a tax-efficient way. Many people want to leave their assets to their children or…
Europe Is The Place To Be For Career-Minded Expats
Europe has been ranked as the best place in the world for expatriates seeking career progression whilst retaining great working conditions, according to HSBC’s Expat Explorer survey. The annual survey ranked Switzerland as the best place to work in terms of earnings potential, career progression and working conditions for the second year running, with average…
Market Update 7 November 2022
Here’s our weekly market update – follow Synergi to get regular market data and opinions. US markets closed the week on a high note with the S&P 500 up +1.4% and the NASDAQ up +1.3%. Materials was the best performing sector, followed by financials and communication services. The worst were healthcare, utilities and consumer discretionary,…