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Global index provider MSCI on Thursday said it will take a decision on increasing the weightage of Bharti Airtel at upcoming index review in February. The move follows increase in foreign investment limit in the telecom major from 49 per cent to 100 per cent. “The proforma foreign ownership limit and upward movement of the adjustment factor due to foreign room will be implemented as part of the upcoming February 2021 Quarterly Index Review (QIR). The proforma foreign inclusion factor will be announced along with the scheduled February 2021 QIR announcement, on February 9. All changes will be implemented as of the close of February 26 (effective March 1),” the index provider said in an announcement.
Jobless claims surge to highest weekly total since August (SPY 0.2%). Tesla slips after recalls vehicles in the US and airlines, airports beef up security ahead of Biden inauguration.
Here is the current market situation from CNN Money
European markets are higher today with shares in London leading the region. The FTSE 100 is up 0.46% while France s CAC 40 is up 0.21% and Germany s DAX is up 0.21%.
What Is Moving the Markets
Here are the headlines moving the markets.
Biden s Boom: The $30 Trillion ESG Sector Is Set To Explode In 2021 With trillions of dollars pouring into ESG funds last year, 2020 has been called the tipping point year for this mega-trend. But many are predicting that the ESG boom will take off again on January 20th, 2021. Thats because after the most dramatic election weve seen in recent history, a green president is set to take office with plans to shake things up on day 1. Biden has called climate change the number one issue facing humanity. This is why
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