Message from Coach
On this week’s market summary:
1⃣Hong Kong launched a new HK$120 million (US$15.5 million) wage subsidy plan that will encourage companies in the financial sector to hire 1,000 financial technology professionals over the next 12 months.
2⃣Global stocks edged higher after strong US jobs data boosted hopes that the recovery in the world’s biggest economy is on track, despite a surge in coronavirus cases.
3⃣Demand for international travel estimated to sink by as much as 80 per cent this year, and the recovery to pre-crisis levels could be stretched into 2023 if the global economy sinks further amid worsening pandemic.
4⃣The downturn in Europe’s labour market sparked by the pandemic slowed in May, with the unemployment rate inching up to 6.7 per cent across the EU.
5⃣A senior Fed official has warned that a wave of business failures owing to the pandemic could still trigger a financial crisis.
6⃣Global stocks edged higher after strong US jobs data boosted hopes that the recovery in the world’s biggest economy is on track, despite a surge in corona virus cases.
One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?”
Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this 4-pages Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics.
Take a look of the summary and WhatsApp us in the group if you have any questions.