Overview of Top weekly news 25.8. 2021

25 / 08 / 2021
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Markets are waiting for a meeting of central bankers

The Fed’s Jackson Hole Symposium is taking place this week. Global sentiment is embarrassed by the expected results and European markets are slightly lower open. The British FTSE 100 was down 16 points. In contrast, the S&P 500 and Nasdaq 100 recorded maximal highs. Discussions could include the withdrawal of the $ 120 billion monthly bond purchase program by the end of this year. Central bankers should present their plans to reduce monetary stimulus in more detail.

Another order from Delta Air Lines

The company wants to strengthen the renewal of the older fleet with newer aircraft models with more sustainable and efficient jets. Delta is pleased with the Airbus team’s partnership and plans further strategic collaborations. Delta Air Lines’ latest order is for another 30 Airbus A321neo aircraft. The aviation industry seems to be recovering more promptly from the coronavirus pandemic, and airlines want to improve their services and offer their customers first-class service.

Performance of Delta Air Lines company over for 5 years. (Source: Investing.com)*

Russia plans to invest $ 8 billion

The investment is to go into the development of electromobility, and the government wants to offer buyers of electric vehicles incentives, including loans and simple leasing terms. The investment is estimated at 8 billion by 2030. According to the approved plan for the development of electromobility, the production of electric cars should be 10 percent, including all cars produced by the end of 2030.

Harris’s official visit to Vietnam

Vice President Kamala Harris has begun her second phase of her official visit to Southeast Asia in Vietnam. The US official emphasizes the pressure on Beijing and its actions in the South China Sea. China is making territorial claims on a strategic waterway and Vietnam is rioting. Harris told Vietnamese officials that it was necessary to put pressure on Beijing to comply with the UN Convention on the Law of the Sea. She also emphasized the need to question Beijing’s bullying and their disproportionate maritime claims.

Watch this week:

On Thursday, European Central Bank publishes Account of Monetary Policy Meeting

On Friday, Federal Reserve Chair Jerome Powell will have a speach.

[*] Past performance is no guarantee of future results

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