Stock Markets Fall Sharply On New Covid Variant Shock

Stock markets fell sharply across the world after the discovery of a new Covid variant which threatens the economic recovery as more restrictions are introduced. London’s the FTSE 100 share index dropped by nearly 3%, while markets in Germany and France also declined following falls in Asia. 40 Year Fixed Rate Mortgage Launched Kensington Mortgages launched a mortgage product with a rate that can be fixed for up to 40 years. First-time-buyers in major UK cities like London may be forced to borrow more than 5 times the average salary to get on the housing ladder, as the affordability ratio soars. Free No Money Down Property Masterclass Register Here- https://bit.ly/32qvuZY Food Prices Will Rise A global shortage of fertilisers is driving up food prices and leaving poorer countries facing crisis, says the boss of a major fertiliser firm, the BBC reports. UK Car Industry Suffers Worst October In 65 Years UK car production dropped by more than 40% last month to the lowest level recorded for October since 1956. Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High The UK recorded a major fall in net migration last year as figures show a huge reduction in the number of people arriving due to the Covid-19 pandemic and Brexit. Net migration in the UK was 34,000 in 2020, compared with 217,000 the year before, analysis showed. The number of immigrants coming to the country more than halved to an estimated 268,000 in 2020, compared with 592,000 people the previous year. 27 migrants die in Channel as boat overturns off the coast of France The migrant crisis continues as thousands of people enter the UK illegally despite this week’s tragedy. Asylum applications to the UK have reached their highest level since 2004, according to official estimates. India to Ban Cryptocurrencies As a number of major economies plan to launch digital currencies, India is set to follow China in banning Cryptocurrencies. The ban will relate to all private cryptocurrencies with certain exceptions to allow the promotion of the underlying technology and its uses. Cryptocurrency prices dropped on Indian exchanges after the decision on the bill's future was announced. Financial education in investing is the key to building and keeping wealth. Never stop learning! Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 DISCOVER HOW THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH USING NONE OF THEIR OWN MONEY! At the No Money Down Discovery we reveal the many ways you can create a job replacing income from property using none of your own money. Register here - https://bit.ly/32qvuZY