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FTSE 100 supported by financial, healthcare stocks

FTSE 100 supported by financial, healthcare stocks

Fed taper talk lifts dollar ahead of inflation test

Inflation strikes U.S. young, low-income individuals’ finances

Eurozone gets Inflation Positive

As inflation takes a pinch, the U.S. economy moderately recovered in the second quarter

Exclusive: Goldman to launch Marcus UK robo-adviser early next year

Charged with insider trading: Former Goldman banker, former FBI trainee

$475 MLN to resolve Mozambican scandal by Credit Suisse

After Q2 loss, Credit Suisse appoints its new CEO

U.S blocks Chinese acquisitions of global tech firms

China’s regulatory body rejects data report to evade U.S. delistings

Henderson gets a complex role in resolving Hong Kong’s housing crisis

Henderson gets a complex role in resolving Hong Kong’s housing crisis

Cake by VPBank: A typical success of digital bank in Vietnam

Cake by VPBank: A typical success of digital bank in Vietnam

Cross border wire transfers risks exposed

Fed to maintain its July 75 bps spike; 40% likelihood of recession

Airbus revives plan for new single-aisle jet plant in Toulouse

Boeing and Airbus obtain deals for Farnborough

Lockheed and Pentagon agree to construct 375 F-35 combat jets

Lockheed and Pentagon agree to construct 375 F-35 combat jets

After hawkish fed minutes, the Asian shares fall

Asian assets tumble as central banks reveal rate ideas

Global economies struggle as oil supplies tighten, volatile stakes

Tight oil supplies to be coddled as dollar sits back to catch breath

Global Business Review Magazine
Tuesday, August 9, 2022
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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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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.

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  • Inflation strikes U.S. young, low-income individuals’ finances
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