Sean Burgess | PraxisIFM Asset Manager and Co-Founder Emirates HR
US EQUITY MARKETS FINISH LOWER
With the major indices down more than 4 percent for the week, as investors absorbed a wave of negative news, including a weak November jobs report and the inversion of the Treasury yield curve. The optimism on Monday from positive US-China trade negotiations over the weekend was lost by Thursday, after Canada arrested the CFO of Chinese telecom giant Huawei – on orders from the US.
US TREASURY YIELD CURVE PARTIALLY INVERTS
For the first time since the financial crisis, as yields on the two- and three-year notes rose above the five-year note, whilst the spread between the two- and ten- year was the closest since 2007. A yield curve inversion has proceeded the last seven US economic recessions, with the last event taking place in August 2005, just over two-years before the global recession and financial crisis.
EUROPEAN MARKETS FINISH AT 2-YEAR LOW
After the pan-European Stoxx 600 index lost 3.3 percent over the week on continued global trade concerns as a potential US-Sino truce appears to have collapsed. Germany’s DAX index officially fell into bear market territory after closing over 20 percent lower from its January high, as the country’s automotive-heavy economy sees renewed barriers on exports to its two largest markets.
JAPAN’S Q3 GROWTH REDUCED FURTHER
With a group of economists suggesting that the economy contracted by 1.9 percent over the quarter compared to the government’s initial 1.2 percent estimate. Whilst Q4 growth is likely to demonstrate a strong bounce-back, the economists are forecasting weak growth over 2019 as the export-dependent economy is starting to show the damage caused by the US-China led trade dispute.
OIL PRICES RISE AFTER OPEC AGREEMENT
With the two-day meeting in Vienna ending with an agreed 1.2 million barrel a day cut to global production. 800,000 barrels will be cut from OPEC members, mainly the de facto leader Saudi Arabia, whilst the remaining 400,000 barrels will be taken from non-OPEC members, predominantly Russia. Oil producers are aiming to increase Brent crude to $80 a barrel – it closed Friday at $62.
In other financial news:
- FTSE 100 down on Brexit concerns, with the index losing 3 percent for the week as investors wait on the UK parliamentary vote to approve the EU’s withdrawal deal.
- US economy adds 155,000 jobs in November, driven by growth in healthcare, manufacturing and manufacturing, whilst the unemployment remained at 3.7 percent.
- South African shares rise on economic growth, with the FTSE/JSE All Share Index up 0.7 percent after third quarter growth hit an annualised rate of 2.2 percent.
Beatrix A Schmidt – Sleep Coach, Speaker and Author of The Sleep Deep Method.
Sleeping well at night has many benefits from healthy body weight, emotional stability to increased intellectual capacity as well as daytime productivity. All of these will impact your ability to build a great career.
But more often than not, the conversations I have with people quickly turns to sleep issues and in particular insomnia and how it affects our everyday lives including our working hours.
When you look at what it takes to function to your best during the day, of course quality hours of sleep is on the top of that list for sure. But yet, so many of us struggle to achieve and maintain this kind of sleep at night, compromising on our ability to complete all the things we want to during the day.
So if you are serious about being good at your job, and progress in your career, daytime productivity is absolutely vital. For most of the clients that I work with, one of the reasons daytime productivity is so important is that it helps with their career progression.
When you don’t sleep so well at night and wake up tired in the mornings, almost dragging yourself out of bed to get going, your chances of excelling at your job or career will be impacted for sure.
Let’s look at the 5 ways your sleep affects your career progression:
1. Decreased confidence
Waking up tired in the morning after a not so great night’s sleep affects your self-confidence. I am sure you can remember the last time this happened to you. When we are tired, we are less likely to be able to handle all the challenges that arise during the day and approach them with confidence.
Of course, this is no surprise because when you don’t sleep well, your energy levels will deplete much faster. Any additional challenges, perhaps even unexpected ones, that are thrown into the mix can cause more issues than if you had lots of energy and your mind was clear, resulting in feeling inadequate as the day progresses.
2. Decision making
Lack of quality sleep at night impacts our ability to make decisions fast and accurately. Tiredness and sleepiness are one of the main causes of mistakes that happen during the day linking back to incorrect decision making at the time.
If you remember the last time you had to make a decision at work on a day the you were tired, I am sure you will also remember how much longer it took to come to a conclusion and finally decide on the best way forward.
3. Intellectual capacity
A tired mind is not able to take in as much information as a rested one, that is a well known fact. No matter how much you are trying to boost up your brainpower by quick fixes such as coffee, your intellectual capacity will be on a roller coaster ride for sure.
This is one of the most significant affect to your career progression. The more tired you are, the less you are able to handle which then jeopardises any promotions in your career. I have seen examples of this and the great thing is that you are able to turn this around fairly fast by learning the skills that you require to sleep well at night.
4. Team work
Excessive tiredness almost always leads to misunderstandings and lack of effective communication within a team. Tiredness raises emotions, mostly negative ones, which will mean that you can misunderstand situations and react to things more emotionally.
This is not rocket science of course but often causes teams to be in conflict. When you and your team is in conflict and tired or sleepy, the way you are able to support each other decreases significantly. Which in turn impacts everyone’s career progression at the end of the day.
5. Lack of focus
I touched on this a little under the third point above but lack of focus is definitely something that will have an impact on you career. We live in a world where the amount of distractions are increasing. So even your fully rested colleagues will struggle to keep the focus on one task at a time.
When you are tired, your mind is more likely to want to keep looking for distractions because focus requires a level of stillness that can bring on tiredness. I am sure you can remember a time when you had to read a report just after lunch and you were literally falling asleep reading
because your mind was just not able to fully engage with the task at hand.
But the good news is that all these effects can be remedied through learning to sleep well at night again. You see, providing you don’t have an actual sleep disorder or a medical condition that directly stops you to sleep well, learning to master the different skills to sleep well is indeed very possible.
If you want to find out how I help professionals to overcome insomnia or other sleep issues, connect with me vie LinkedIn or send me a message via my website directly.
Remember, sleeping well at night is a skill that you can develop too.
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Philippe has over 20 years of corporate experience at executive level, gained globally across a number of industries and companies. He appreciates the challenges faced by busy executives and the complex and changing nature of the corporate landscape and this is why there is value of coaching in today’s global setting. Philippe is passionate about helping those who want results during these uncertain times and support their teams and the wider organisation.
He has been coaching – both face to face and remotely – for many years and delivers results using multiple methods of coaching. Philippe is a member of the International Coach Federation (ICF) and also trained with the Tony Robbins Results Coaching Academy and the Center for Executive Coaching. Philippe uses assessment tools to support his coaching service offering and is certified with ProfileXT®.
With exposure across all levels of an organization from the boardroom to the shop floor, Philippe has cross functional and cross organizational exposure and experience. Whether to develop middle managers to progress to the next step or senior executives to achieve their strategic vision, he uses his coaching and strategic advisory experience to grow and develop others.
Philippe coaches on various subjects ranging from executive coaching, strategic development, organisational change & development, promotions and hiring, career change, team development and team dynamics and much more.