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Today’s Markets: FTSE approaches all-time high

The FTSE continues to make gains, hitting 7,800 yesterday and pushing up further to 7,848 in early trade on Friday amid a broad rally for European equities after US inflation cooled. The UK bluechip index still has valuation on its side, trading around 10x forward earnings vs 15x for global equities. (for reference the FTSE traded at 17x…
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Ariel Investments’ Rogers Says US Will Avoid Recession In 2023 – Invesco QQQ Trust, Series

John Rogers, chairman and co-CEO of Ariel Investments, said the U.S. will avoid a recession this year as the Federal Reserve reins in inflation.“We are much more optimistic today than a year ago,” Rogers told business leaders at the Executives’ Club of Chicago’s annual outlook event, according to a Bloomberg report. “The Fed is doing the right…
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Kingdom to host Saudi-Omani Investment Forum

Saudi infrastructure to play critical role in facilitating mining transformation, Future Minerals Forum hears RIYADH: The critical role of Saudi Arabia’s infrastructure — be it transport, logistics, or workforce — in transforming the Kingdom’s mining as well as other sectors was widely discussed and stressed during the Future Minerals Forum …
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