The FTSE 100 Index climbed 1% on Friday to a record of 7901.80 as the pound slumped after the US dollar rallied on stronger-than-expected jobs data. Having managed to avoid a selloff last year on the sterling’s weakness, the FTSE 100 Index has joined a global equities rally in 2023 with a 6% gain, helping the British large-cap benchmark scale an all-time high.
What’s more, the index’s heavy weighting skew toward commodity and banking stocks has meant that many macroeconomic factors — high interest rates and inflation — that were headwinds for US and Europe partly acted as positive catalysts for the FTSE 100. Investors in UK large caps are also enjoying solid dividends, with one of the highest payout yields globally.
Still, there are plenty of risks ahead. A recovering pound, stalling commodities rally and the end of a quick burst in demand from China reopening may start weighing on the benchmark. into recession until later this year as well as a reversal in ex-Prime Minister Liz Truss’s unfunded tax cuts plans.Notably, the FTSE 100 is one of the last European benchmarks to scale pre-Covid highs.
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Business pleads with Ramaphosa: Choose a more effective Cabinet | BusinessOrganised business groups have made a plea to President Cyril Ramaphosa to choose his Cabinet carefully, as his decisions will be 'decisive in setting the trajectory of the country'. | News24_Business politicsblahbla _Business politicsblahbla They are hypocrites, ministers implicated in the zondo state capture report will come back and that organised business groups will keep quiet. _Business politicsblahbla Unfortunately Ramaphosa will have a problem to choose a dynamic government out of the current anc representatives, as criminality and incompetens are the available skills and will not add any value to South Africa's taxpayers. _Business politicsblahbla Pleading.
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »
EE BUSINESS INTELLIGENCE ANALYSIS: Diesel or Darkness: PetroSA charges Eskom unfair prices, extracts upfront paymentsEskom has been forced to pay exorbitant prices for diesel it buys in bulk from PetroSA, the financially distressed state-owned entity which is its main diesel supplier, even as the utility battles in vain to stave off worsening stages of load shedding. I'm glad I tried this ledy out. I have wasted too much on other platforms without gaining my profit but finally I came across this platform. I invested R1000 on her platform and within 24 hours I got R10,500 sent to my bank account Send her a DM and get started KathyDNaquin Surely your friends who are diesel suppliers are no longer benefitting. Speculation is only needed if it suits your narrative better than the actual facts. The reason Eskom’s DMRE application was denied is public knowledge. Seems investigative only has meaning when it relates to Zuma.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
Business Maverick: Meta shares soar as Zuckerberg ushers in ‘year of efficiency’Meta Platforms CEO Mark Zuckerberg struck a new tone with investors on Wednesday: The social media giant will be leaner, more efficient and more decisive, with a big focus on artificial intelligence. Zuckerberg’s so yesterday
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
SA's largest wind farm planned for Mpumalanga | BusinessSeriti has signed a landmark power purchase agreement which will see the construction of a 155MW wind power project in Mpumalanga – the largest in South Africa and the first wind project in the province - kick off in the next few months. And at what cost to the environment. Not only are the wind turbines an eyesore but they are not recyclable and are simply buried in the ground after use. Also they kill many birds in the process. So what? Zimbabwe has lithium and all minerals required for this. Tell us the gist! I'm glad I tried this ledy out. I have wasted too much on other platforms without gaining my profit but finally I came across this platform. I invested R1000 on her platform and within 24 hours I got R10,500 sent to my bank account Send her a DM and get started KathyDNaquin
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »
Gautam Adani isn't Asia's richest person anymore after losing over $50 billion | Business InsiderWith an estimated net worth of $74.7 billion, Adani now ranks as the world's 15th richest person on Forbes' billionaire list.
출처: BISouthAfrica - 🏆 34. / 51 더 많은 것을 읽으십시오 »
Rand surges after Fed signals end to rate hikes may be near | BusinessThe dollar slid on Thursday after the US Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end of the central bank's rate-hike campaign was near. | News24_Business _Business I see a storm brewing and it is not looking good for the Dollar. _Business I'm glad I tried this ledy out. I have wasted too much on other platforms without gaining my profit but finally I came across this platform. I invested R1000 on her platform and within 24 hours I got R10,500 sent to my bank account Send her a DM and get started KathyDNaquin _Business Let's se what the noise maker will do in SA
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »