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Today's big stories

A run of positive stories sent global stock markets to new multi-week highs on Tuesday
Our analysts look into why the British pound is looking pretty cheap right now, and, er, why it's not really – Read Now
German airline Lufthansa agreed to a $10 billion government rescue package earlier this week

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Don’t Look Down

What’s Going On Here?

A string of positive news on Tuesday indicated the global economy might be regaining its footing – and emboldened investors decided it was about time the stock market climbed to multi-week highs too.

What Does This Mean?

In the latest signs that the easing of lockdown is boosting economic activity, consumer confidence in the US – a precursor to consumer spending – rose after a sharp plunge the previous month, while new home sales beat expectations. And since consumer spending makes up two-thirds of the US economy, economists are looking at that uplift as an encouraging turn of events.

German consumers are getting more swagger in their step as well, according to a similar survey out on Tuesday. But the country’s big news was the announcement that Germans would be allowed to travel across Europe from mid-June, just in time for summer vacation. That comes days after Spain’s own announcement that international tourism will be kicking off again in July – so maybe summer isn’t canceled after all…

Why Should I Care?

For markets: All together now.
The bounce in economic optimism sent US stocks to a nine-week high, while the rise in German travel companies’ share prices carried its stock market higher too. And it turns out a can-do attitude is as contagious as a can’t-do pandemic: UK retail stocks soared after the government announced it’d allow non-essential retailers to reopen in mid-June, while Asian stock markets rose as Japan – the continent’s second-largest economy – lifted its nationwide state of emergency.

The bigger picture: There’s music in the air.
Even initial public offerings (IPOs) are back in business: Warner Music Group restarted its IPO plans on Tuesday with the aim of raising up to $1.8 billion. The music label – whose artists include Ed Sheeran and Red Hot Chili Peppers – initially wanted to list on the stock market in February, but it shelved that plan after coronavirus-hassled stock markets hit a bum note.

Recommended: How to spot the next hot stock.

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2/3 Premium

Taking A Pounding

What’s Going On Here?

As the deadline for an extension on Brexit approaches – and as the uncertainty pushes the pound lower – it’s hard to find anyone with a good word to say about British assets.

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🤔 What would the experts do?

We’ve asked some of the smartest industry-leaders around to give their takes on different investing styles, strategies, and industries over the last few weeks, and they’ve not disappointed…

🤓 Outthink the markets

Check out the strategies that startups and venture capital funds are using to navigate this new landscape with the CEO of Entrepeneur First.

💪 Be defensive

Defensive industries like telecoms tend to perform no matter the economic weather, and the COO of MTN Group is at the forefront of the sector.

💰 Root out hidden value

As consumers focus on buying the things they need over the things they want, Vogue Business’s data editor talks about the prospects of the luxury industry.

🌱 Invest ethically

There are ways to stay ethical and make money in a crisis – just ask Impact Investing Institute’s Jamie Broderick and Global Impact Investing Network’s Sapna Shah.

Psst, these links go to our app – check them out on your phone.

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Emergency Landing

What’s Going On Here?

Brought down to earth by the coronavirus pandemic, Lufthansa agreed to a $10 billion government package earlier this week that’ll rescue the German airline from bankruptcy.

What Does This Mean?

Lufthansa’s been left reeling by coronavirus: it’s losing more than a million dollars an hour as passenger numbers languish at just 1% of their usual capacity. And even after grounding most of its aircraft and shutting down its budget airline, Germanwings, in April, the airline was still in desperate need.

Enter the German government, which earlier this week agreed to a $10 billion rescue package – in a mix of loans and investments – that’ll give the country an initial 20% stake in the company. The deal will help save 10,000 jobs, but it’ll also likely face heavy pushback: rivals like Ryanair are already arguing that propping up airlines with state cash violates the European Union’s principles on fair competition…

Why Should I Care?

For markets: The seatbelt sign is on.
Lufthansa’s share price rose more than 10% in the two days after the rescue package was announced, and other airline stocks joined its ascent on Tuesday. Not only are other governments starting to loosen their own lockdowns, after all, but the deal comes less than a month after the French and Dutch governments pledged their own $12 billion rescue package for Air France-KLM, another of Europe’s major airlines.

The bigger picture: Too big not to fail.
According to airline trade group IATA, airlines have received more than $120 billion in “life support” from governments this year – and since more than half that aid has come in the form of debt that needs paying back eventually, the group’s worried. IATA’s predicting the industry's total debt to be 30% higher by the end of the year, and reckons lots of airlines could end up collapsing eventually anyway (tweet this).

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💬 Quote of the day

“Anxiety is the handmaiden of creativity.”

– T.S. Eliot (a poet, essayist, publisher, playwright, and literary critic)

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🌍 Finimize Community

🎟 Events coming up

This week, we’ll be talking about the oil market with our Dubai community and shifts in consumer behavior with our American crowd. And lucky for you, they’re virtual, so you can watch them if you’re not even in Dubai or America.

🇦🇪 UAE: Making Sense of Oil Market Dynamics – 5.00pm Dubai Time, May 27th
🇺🇸 USA: Seizing Opportunity in Times of Crisis – 12pm Pacific Time, May 29th
🇫🇷 France: The Future of Blockchain & Cryptocurrency – 6.30pm CET, June 17th

📚 What we're reading

Should you buy a lockdown pooch? (House Beautiful)
Yep, it’s definitely getting hotter (The Conversation)
Squirrels are ninjas (Gizmodo)

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Finimize - 🇺🇸 US is back in business

Today's big stories

Don’t Look Down

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Taking A Pounding

🤔 What would the experts do?

Emergency Landing

What’s Going On Here?

What Does This Mean?

Why Should I Care?

🎟 Events coming up

Older messages

🙄 So much for Alibaba's trillion bucks

🤧 Expedia feels the coronavirus effect

⛔️ No more Facebook ads

📈 Walmart loves stockpiling

😓 SoftBank's 18 billion dollar regret

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