Monday 21 July 2025
The Mighty Headlines
Economics: Moody’s upgrades Argentina’s credit rating
Business and markets: Netflix profits rise but share price falls
Foreign Affairs: Hong Kong issues highest typhoon alert
Security and intelligence: Ukraine offers Russia further peace talks
Domestic politics: UK further limits Russia’s oil revenues
The Mighty Stats
FTSE = 8,992.12 (up 0.22%)
S&P 500 = 6,296.79 (down 0.009%)
Nasdaq = 20,895.66 (up 0.048%)
CAC40 = 7,822.67 (up 0.0086%)
£1 = $1.34 / €1.15
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The Mighty Detail
Economics: Moody’s has upgraded Argentina’s credit rating, citing the easing of currency controls and interventions from the International Monetary Fund. Argentina’s rating has risen from Caa1 to Caa3, which is now the same level as Egypt and Suriname, but is still considered to have “junk” status. President Milei, who came to power 18 months ago, is trying to reform Argentina’s economy.
Business and markets: Netflix has announced a nearly 50 per cent increase in profits to $3.1 billion – a 46 per cent increase compared to last year. Shares still fell, however, with investors concerned that revenue this year – predicted to be around $45 billion – will be driven more by the weakness of the dollar than demand for Netflix content.
Foreign Affairs: Hong Kong was placed on its highest typhoon alert on Sunday as Typhoon Wipha swept past the city. A T10 hurricane alert was issued and a maximum wind speed of 140 km per hour was recorded. Wipha passed over the Philippines and hit Taiwan on Saturday and is expected to reach Vietnam this week.
Security and intelligence: President Zelensky said on Saturday that Ukraine has offered to hold a further round of peace talks with Russia this week. The two countries have held two rounds of talks in Istanbul in the last five months. It comes after a week of heavy Russian bombardment with over 300 Russian drone attacks last Friday.
Domestic politics: The UK, as well as the EU, have lowered the Crude Oil Price Cap to further limit the money Russia receives from oil. The cap will be lowered from $60 per barrel to $47.60 per barrel. The cap prohibits companies in the G7 from shipping, insuring or servicing Russian oil sold above the price cap.
The Mighty Calendar
What’s happening today?
Japan public holiday (Marine Day)
UK Prime Minister questioned by Liaison Committee
BMA doctors’ union holds ballot for senior doctors
Company results from: Ryanair, Verizon
Lookahead to tomorrow
King Charles and Queen Camilla visit Newmarket
England versus Italy in Women’s Euros semifinal
UK Government borrowing data (June)
Company results from: General Motors, Unicredit, Coca-Cola
The Mighty Finale
🌤️Weather today
Thundery showers in the south of England. Patchy rain elsewhere. High of 21C and low of 14C in London. Light rain in Belfast. Heavy rain in Edinburgh.
✏️Life coaching quote of the day
“Sometimes the biggest problem is in your head. You've got to believe you can play a shot instead of wondering where your next bad shot is coming from.” – Jack Nicklaus, champion golfer
Mighty takeaway: Think of the results you want in your life. Don’t think of the obstacles.
That’s it for this Monday morning. Thanks for reading and enjoy today!
Bye!
The Mighty Memo team