📈 The first major rate hike arrives

Interest rates just got interesting | SenseTime plays Chumbawamba | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for December 17th in 3:10 minutes. 🥛 Finimized over a milkshake at [Paramount Coffee Project]( in Sydney, Australia (🌥 22°C/72°F) Today's big stories - The Bank of England announced it would finally be raising interest rates - If you’re prepping your portfolio for 2022, you need to be aware of the five major risks to your investments – [Read Now]( - Chinese AI company SenseTime might be listing this year after all FOMOmicron [FOMOmicron] What’s Going On Here? The Bank of England (BoE) [announced]( on Thursday that it’s raising interest rates for the first time in three years, before it misses out on end-of-inflation celebrations altogether. What Does This Mean? Covid infections surged to a [record high]( in the UK this week, which means investors were expecting the BoE to delay raising rates till next year to protect the fragile recovery. Not quite: the central bank admitted that while Omicron would take its toll on the UK economy, the strength of the [jobs market]( had given it the confidence – and last month’s [decade-high inflation]( the urgency – to step in. The decision to raise interest rates from 0.1% to 0.25% could be a sign of things to come too: the BoE said more increases will be needed in the next few months to bring inflation – which hit 5.1% in November – down to its 2% target ([tweet this](). Why Should I Care? The bigger picture: Europe commits to flip-flopping. Europe’s in the same boat, with inflation in the region hitting a record high of 4.9% last month. The European Central Bank (ECB) announced plans on Thursday to halve the amount of bonds it’s buying next year, which should help bring that figure down. But the central bank also made itself perfectly clear: it’s more than happy to buy more again if Omicron causes more issues. Zooming out: Turkey has… a plan? Turkey’s gone the other way: the country’s central bank [cut]( interest rates for a fourth-straight month on Thursday, even though prices were 21% higher in November than the same time a year ago. That could do even more damage to the Turkish lira, which has already lost about half its value relative to the dollar this year. And since it becomes less and less valuable to international savers and investors the longer rates are low, the currency fell another 5% versus the dollar to a record low after the announcement. You might also like: [Bill Ackman is betting big on inflation. Here’s how you can too.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=FOMOmicron&utm_campaign=daily-global-17-12-2021&utm_source=email) Analyst Take The Five Biggest Risks To Your Portfolio In 2022 [The Five Biggest Risks To Your Portfolio In 2022]( [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? Analysts and economists are [feeling good]( about the global economy in 2022 on the whole. But that doesn’t mean they’re blind to [the five big risks]( that could undo their high hopes in one fell swoop. Omicron is the obvious one: the new variant could end up sparking a [new wave of stay-at-home orders]( if it ends up being deadlier than Delta. And according to a new modeling tool from Bloomberg, any [Omicron-driven crash]( could single-handedly wipe 0.5% off global economic growth. So that’s today’s Insight: [the four other major risks to your portfolio in 2022](, and the damage they could do if they come to pass. [Read or listen to the Insight here]( SPONSORED BY CROWDSTREET Why choose? The real estate market is going from strength to strength, and so are industries from biotech to healthcare. With [Crowdstreet](, you’ll get the best of both worlds: you’ll be able to invest in the real estate that houses some of the world’s most exciting sectors. With [countrywide]( investment opportunities in [every asset class](, CrowdStreet gives you the opportunity to invest in the places that matter to you, where they matter to you. There’s a reason Investopedia named [Crowdstreet]( the best overall real estate crowdfunding site in 2021, you know. Crowdstreet’s investors have earned over [$275 million]( so far: [join them today](. [Invest With Crowdstreet]( Scan-Do Attitude [Scan-Do Attitude] What’s Going On Here? SenseTime is [reportedly]( kicking off its planned stock market listing yet again, proving nothing can keep a plucky Chinese facial recognition company down. What Does This Mean? SenseTime’s journey to the stock market has been anything but smooth. The company first planned to list on the stock market earlier this year, only to put the [initial public offering]( (IPO) on hold when China’s crackdowns risked ruining its clout with investors. But when the country’s regulators didn’t end up sniffing around, the company felt newly emboldened: SenseTime [announced]( earlier this month that the IPO would go ahead as planned. Until last week, that is, when the US government added SenseTime to a blacklist banning Americans from investing in a host of companies, citing its alleged human rights violations. But the company’s nothing if not resilient: SenseTime’s reportedly managed to get more Chinese investors on board, which should allow it to raise the cash it’s aiming for. Why Should I Care? For you personally: It’s about the long game. SenseTime might be trying to get in while the going’s good: companies raised 23% more cash in the [first three-quarters]( of this year via IPOs than the whole of last year. But savvy Finimizers know to look beyond day one: when you do, you’ll see stocks of companies that listed to great fanfare this year – including trading app Robinhood and ride-hailing firm Didi – valued at around half as much as they were when they first listed. The bigger picture: r/Reddit hits the stonk market. SenseTime isn’t the only company that wants to buck that trend: Reddit [announced]( plans earlier this week to list on the US stock market. Investors have been clamoring for this IPO ever since the social media company helped fuel the meme stock frenzy earlier in the year, and it can’t hurt that the company’s spent the last few years building a successful advertising business either. You might also like: [How to tell an IPO blockbuster from an IPO flop.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Scan-Do Attitude&utm_campaign=daily-global-17-12-2021&utm_source=email) 💬 Quote of the day “Love is an action, never simply a feeling.” – bell hooks (an American author and activist who died on Wednesday) [Tweet this]( 📝 [Insert your company’s name here] Your company’s name would look pretty good [in this space](, huh? We’re sure our one million engaged investors would think so too. If you want to spread the word about your business, [chat to us]( about our daily newsletter slots. They’re the perfect opportunity for you to speak directly with the Finimize community. Sound good? [Get in touch.]( [Work With Us]( 🎯 On Our Radar - Rock ‘n’ roll mice. No one talks about [Elvis’s last adventure](. - You’ll never walk alone. 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