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FTSE 100 supported by financial, healthcare stocks

FTSE 100 supported by financial, healthcare stocks

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Global Business Review Magazine
Tuesday, February 7, 2023
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FTSE 100 supported by financial, healthcare stocks

FTSE 100 supported by financial, healthcare stocks

NEW YORK, USA - AUGUST 2019: FTSE 100 stock market index chart - 3D illustration rendering

London’s FTSE 100 rose slightly, helped by gains in healthcare and financial stocks. In the mean while investors assessed risks from rising COVID infections globally and also has concerns about easing economic growth. The blue-chip FTSE 100 climbed 0.1%. The banking sector was the top performer with a 0.9% climb. David Madden, an analyst at Equiti Capital said that the FTSE 100 being quite bank stocks-heavy is expected to perform better if not maintain positive levels, with financial stocks set to gain going ahead on chatter of a higher interest rate regime or a slight tapering of central bank purchases.

The investors shifted their focus towards the U.S. Federal Reserve’s annual symposium, and hence the Global equity markets were lacklustre. The FTSE 100 has risen nearly 28% from its October 2020 lows. This is after the economy started to recover from the pandemic-related lockdowns. The domestically focussed mid-cap index gained 0.4%. Waste management firm Augean surged 16.7%. This is after it said it agreed to a buyout offer of 341 million pounds from a group affiliated to London-based investment.

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Recent News

After China central bank vows to crack crypto trade, Bitcoin slips

A glimpse of Cryptoverse DEX, and a brief accounting

FTX invested $300 million in Bahamas property as “personal fiefdom”

FTX invested $300 million in Bahamas property as “personal fiefdom”

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Ant group sees fine from China over $1 bln, suggesting overhaul is almost done

Africa calls for climate finance tracker

COP27 agreement achieves a milestone on “damage and loss,” but not more

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

UK trade policy : A comprehensive strategy for a new beginning

British insurers serve as a trial run for the post-Brexit “unshackling”

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • A glimpse of Cryptoverse DEX, and a brief accounting
  • FTX invested $300 million in Bahamas property as “personal fiefdom”
  • Ant group sees fine from China over $1 bln, suggesting overhaul is almost done
  • COP27 agreement achieves a milestone on “damage and loss,” but not more
  • Budweiser World Cup advertising is limited by Qatar’s liquor ban; not destroyed

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