The Markets

Ethiopia  – The 15th Edition Connected Banking Summit – Innovation and Excellence Awards 2024 arrives in Addis Ababa, hosted by The International Center for Strategic Alliances. Under the theme “Bolstering the Economy with Digitization and Financial Inclusion”. Esteemed global executives, experts, and leaders will gather to propel the banking industry forward into an era defined by innovation and excellence. This collaborative summit, in conjunction with the prestigious Connected Banking Innovation & Excellence Awards, will unite…

LONDON (Capital Markets in Africa) – The FTSE 100 has set off on a climb higher, nudging ahead again on a record-breaking run. The fresh pulse of positivity comes as ceasefire negotiations in the Middle East continue and a more optimistic sentiment washes over the London market. Even the surprise resignation of HSBC boss Noel Quinn, didn’t stop the banking giant from posting share price gains this morning. Sharp gains may be held back, with…

Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown: The disheartening inflation data this morning hasn’t helped the FTSE into positive territory. While inflation is certainly moving in the right direction, it’s still higher than the market expected, which will disappoint those expecting an earlier-than-forecast interest rate cut from the Bank of England. Core inflation has also surprised to the downside, which will have added an extra layer of pressure to early trading. Investors are also reacting…