If you believe that it’s important to keep up to date with the latest international finance news, you’ve come to the right place. Simply continue reading to discover some of the latest financial news stories.
The latest finance news:
Financial advisors in the US are now helping parents pick stocks for their kids:
While in the past most families would wait until their children turned 18 in order to ask their financial advisor to start building diversified investment portfolios for their children, in recent months a flood of parents have started to contact their financial advisors to start building investment portfolios for their younger kids. As an example, financial advisor Jim Cramer encourages parents to buy ETF funds for their children. Each of which are made up of shares in multiple companies and which offer a relatively low risk investment option for kids.
Furthermore Cramer also encouraged parents to purchase stocks for their children that they’d actually be interested in following such as Disney stocks. Which would teach kids about the importance of following the latest finance news.
The UK prepares to leave the European Union:
In the last few months before the UK is due to formally leave the European Union, the Prime Minister of Great Britan, Borris Johnson has tried to secure a favorable exit deal for the UK. That would ensure that the UK would not be cut off from trading with some of their largest trading partners. Some examples of which include France and Germany. Unfortunately for Johnson although he came close to negotiating a favorable exit deal he was not able to negotiate the final details of his proposal in time. So that Britain could leave the UK on the 31st of October as was planned. As a result the European Union chose to give the United Kingdom an extension until the 31st of January, next year.
However it’s important to note that Johnson wasn’t the first UK Prime Minister to fail to sign an exit deal. His predecessor Teresa May actually tried to get two different Brexit deals passed, both of which were denied and scrapped. After which point May agreed to resign as the Prime Minister of the United Kingdom. A spot with Boris Johnson then took on.
Despite Jonson’s failure to sign an exit deal, the British pound did rise in value in October, which surprised economists who had predicted that Brexit would cause the value of the British pound to plummet. To see what the real effect of Brexit will be on the British pound and the international finance scene, you’ll have to wait till the end of January 2020 to find out.
Financial advisors in the US discuss the likelihood of a stock market crash in 2020:
There is still a heated debate going in the US on whether or not there may be a serious international stock market crash in 2020. As there has not been a serious stock market crash since in 2008 and some experts believe that stock prices are now severely overinflated.
So there you have it, three of the most fascinating finance stories that have made international headlines this week and which are well worth following.