The Wealth A7 team is happy to see you again after this energy boost!

While we expected a rather calm August, the news has unfortunately been quite hectic. Indeed, you will not be without knowing the political developments underway in Afghanistan. Beyond the impacts on the Afghan people, the Taliban's takeover is also having repercussions on the world economy. This country is now among the poorest countries in the world. As a result, it benefits from several international financial aids which represent more than 40% of its Gross Domestic Product.

Faced with the coup led by the Taliban, Western countries and the organizations behind this significant financial aid are considering reducing or even cutting it, an attempt to keep control over future geopolitical actions led by the Taliban. Germany has already suspended aid to the country, the IMF (International Monetary Fund) is also following suit. For its part, the World Bank has not yet positioned itself but it is very likely that the same will be true.

The Taliban defend their plan to improve the Afghan economy. Their actions will determine the possible actions of relaxation of the international powers with regard to their financial aid.

Regarding the financial markets, and despite this news, the CAC 40 recorded a rebound, taking it above 6700 points. Currently in slight decline, it remains despite everything at values ​​sending back positive signals. Beyond the Paris Stock Exchange, all of the major European and global stock exchanges have performed well in recent days.

Speaking of good performance, bitcoin was not to be outdone at the start of the week. Indeed, Monday we saw the price of this asset reach $ 50,000. The price of the latter was notably boosted by the announcements of the Paypal group which has opened its bitcoin sales and purchase service in the United Kingdom. Bitcoin, and even beyond, cryptocurrencies, have been steadily increasing in value since their inception. Several groups are starting to accept purchases with these neo-currencies. There are more and more signals that they may end up outperforming fiat currencies such as the euro or the US dollar.

In the face of a changing world, it is essential to stay on top of the news.

Thanks to the daily monitoring, the Wealth A7 team is able to provide you with personalized support and sound advice!