WEEKLY NEWS | 20 FEBRUARY 2023 | 186
THE MARKET WATCH
FTSE 100 close: London index nears 8,000 point mark for first time despite UK economy toying with recession
London’s FTSE 100 nearly hit the 8,000 point mark for the first time ever yesterday despite the UK economy toying with a recession.
The capital’s premier index climbed for most of the day, before running of steam during the afternoon trading session, dragged down by a hotter than expected US inflation report showing prices rose 6.4 per cent over the last year.
It eventually closed up 0.08 per cent at 7,953.86 points, while its mid-cap domestically-focused counterpart, the FTSE 250, which is more sensitive to shifts in the UK economy, dropped 0.53 per cent to 20,018.23 points.
London stocks have surged since......
In a message from his prison cell in Russia in 2021, the opposition leader Alexei Navalny suggested that none of the world’s great problems could be tackled without confronting corruption. So news that only one Commonwealth member state is ranked among the world’s 30 worst countries of
180 rated in the annual Corruption Perceptions Index (CPI) is perhaps cause for muted celebration.
It is Nigeria, again, that wins the Commonwealth’s wooden spoon in the global snapshot of public-sector malfeasance......