📈 The Fed doesn't need telling twice

All these new jobs might backfire | Rolls-Royce has a need for speed | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 11th in 3:03 minutes. 🏰 You might feel like building a fortress around your portfolio these days, but a less strenuous solution might be to buy into real estate. Join Hedgehog’s Michael Ward for [Shelter Your Portfolio With Commercial Real Estate]( on Tuesday, and find out how to keep the barbarians at bay. [Grab your free ticket]( Today's big stories - The US just keeps adding to its jobs tally - Goldman Sachs thinks European companies are sitting on a stock-boosting weapon – [Read Now]( - Airlines need big jets again, and Rolls-Royce is here for it New Starter [New Starter] What’s Going On Here? Data out on Friday [showed]( that the US added more jobs than expected last month. What Does This Mean? The US had replaced pretty much all the jobs it lost in the early days of the pandemic by May, which might be why economists were expecting the number of new jobs to level off last month. Oh ye of little faith: the US added 372,000 jobs in June – over 40% more than economists were expecting. That means available workers are getting harder and harder to come by, with almost two job openings for every unemployed American. On the plus side for you, it’s continuing to force companies to put their best foot forward, which might be why average hourly wages were 5.1% higher last month than they were in June 2021. Why Should I Care? For markets: The Fed’s permission structure. Make no mistake: the US economy is in dire straits. In fact, the jobs thing is probably just going to make matters worse, with Friday’s data likely to encourage the Federal Reserve (the Fed) to hike rates by 0.75% again later this month. After all, the central bank said this week that it might need to get even more aggressive to stop inflation from becoming entrenched, with some Fed members arguing that rates should be close to 3.5% by the end of the year. The bigger picture: What goes around comes around. Any economic slowdown is going to impact the jobs market sooner or later, and there are signs it’ll be sooner: a number of companies – mainly in the tech industry and interest-rate sensitive sectors like real estate – announced layoffs in June. And if those Americans have less cash to spend as a result, other companies might start to feel the pinch too – in turn leading them to reduce the size of their teams. That might be why the Fed is estimating that the unemployment rate will go from 3.6% today to 4.1% in 2024. You might also like: [Tesla, Coinbase, and more tech companies are stripping themselves for parts.]( 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=New Starter&utm_campaign=daily-global-11-07-2022&utm_source=email) Analyst Take Goldman Thinks European Stocks Are Harboring A Secret Weapon [Goldman Thinks European Stocks Are Harboring A Secret Weapon]( [Photo of Carl Hazeley] Carl Hazeley, Analyst If dogs are man’s best friend, [share buybacks]( are yours. Not just because you’ll benefit from a rising share price and tax-efficient returns, but because investors tend to reward companies that buy back their own shares. So [Goldman Sachs]( has some good news: the investment bank thinks the percentage of European companies buying back their own shares could reach an [all-time high]( this year. It thinks they’ll spend more on buybacks too, for [a laundry list of reasons](: companies are flush with cash, they’re not investing in themselves, insiders are buying, and on and on. So if you can buy into [those companies]( before the fact, you’re in a very tidy position. That’s today’s Insight: why Goldman thinks European companies will boost their share buybacks, and [which stocks stand to benefit](. [Read or listen to the Insight here]( SPONSORED BY BLACKROCK Put your pensions on turbo mode You might want to forget about some old jobs, but don’t let your pensions fade into the dust. [Penfold]( makes it easy to bundle up all [your past pensions](, even if you don’t know the nitty gritty details. Just give Penfold the name of your old employers and its team will do the rest. Then you get to choose from a bunch of [carefully selected investment plans]( from [BlackRock]( and HSBC, designed to [grow your savings]( while you sit back and relax. You can even set your own [short and long-term saving goals]( based on your financial circumstances, and Penfold will help you build an [achievable plan]( that helps you get there. It couldn’t be easier to get started: [you can set up your pension pot in just 5 minutes](. [Check Out Penfold]( *Capital at Risk. The value of your investments can go down as well as up. Before transferring you may wish to consider your personal circumstances, whether there are any exit fees from your current provider or whether you would be giving up a guaranteed benefit. Top Gun [Top Gun] What’s Going On Here? Aircraft engine manufacturer Rolls-Royce [said]( late last week that it’s finally seeing signs of a recovery in big jet demand. What Does This Mean? Much of Rolls-Royce’s revenue comes from the manufacture and servicing of engines for Boeing and Airbus’s large aircraft. But since they’re mostly used for international flights, and since it’s those flights that have been slowest to recover from the pandemic, that segment of Rolls’ business has been languishing. Now, though, there are signs of life, with recent reports suggesting that some airlines are thinking about putting in new orders for jumbo jets for delivery from 2025 onward. Airbus, for example, just said it might up production of its best-selling A350 jet sooner than expected, which means it’ll be calling Rolls to work its magic. Why Should I Care? The bigger picture: This time, it’s personal. This shift in demand is a promising indication that the aviation industry is well and truly getting back on its feet. And there’s more: data from the International Air Transport Association (IATA) last week [showed]( that international flights have been back with a vengeance this summer, with traffic 326% higher in May than the same time last year. So even though Chinese domestic traffic fell 73% on the back of its lockdowns, overall global traffic was nearly twice what it was in May 2021. Zooming out: Rolls is the Tesla of the skies. The aviation industry [accounts]( for about 3% of global carbon emissions, with its emissions having risen 2% a year since 2000. If it carries on at this rate, the sector could account for a fifth of total emissions by 2050 ([tweet this](). So Rolls is looking into a solution: it’s built a battery-powered plane that can fly at more than 300mph, while Siemens and Airbus are developing their own electric aircraft too. You might also like: [The highs and lows of investing in the airline industry.]( 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=Top Gun&utm_campaign=daily-global-11-07-2022&utm_source=email) 💬 Quote of the day “We are drowning in information but starved for knowledge.” – John Naisbitt (an American author and public speaker) [Tweet this]( SPONSORED BY ZENGO Crypto storage without the cons Crypto exchanges have frozen withdrawals lately, stopping you from accessing your own crypto. And while [wallets]( could be a secure alternative, they can leave you stuck managing your own private keys and dealing with tricky systems. ZenGo wants to change that: its [secure crypto wallet]( removes the private key vulnerability, instead using [mathematical secret shares]( – one on your mobile device, one on its server. That means you can worry less about hackers or losing any complicated keys, freeing you up to simply enjoy having [control of your own crypto]( again. [Take crypto back into your own hands with ZenGo](. [Check Out ZenGo]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - Wedding rings are out. [NFT marriages]( are in. - An expert stock-picker just checked out the EV market. Here are his [top stocks for this year](.* - Vacations are the worst. You’ll be lucky if you ever manage to [leave the airport](. - Men on dating apps won’t tell us anything. Why are they [so secretive](? - God is tech savvy. He’s sharing videos of himself [all over the internet](. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🎉 Coming Up This Week… All events in UK time. 🏡 [Shelter Your Portfolio With Premium Real Estate](: 12pm, July 12th 🔮 [The Psychology Of Risk Management](: 10am, July 13th 💪 [How To Survive A Stock Market Crash](: 6pm, July 13th 🥳 And After That… 🌍 [Blockchain, Crypto, and ESG](: 5pm, July 19th 👀 [Your Guide To Earnings Season](: 3pm, July 20th 🎉 [Navigating The World Of Stablecoins](: 6pm, July 20th 🔥 [How To Use Machine Learning For Trading](: 12pm, July 21st 🍷 [Is Wine The Perfect Recession Proof Investment?](: 1pm, July 27th ♻️ [Building A Crypto ESG Framework](: 6pm, August 2nd 📈 [A Case For DAO Treasury Diversification](: 6pm, August 9th 💻 [How To Spot The Best Tech Stocks](: 6pm, August 16th ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Mega Pixel - Shutterstock | Holy Polygon, Yevgenij_D - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](