Daily-Wrap

Index Update:The FTSE 100 index, a key benchmark index for the London stock exchange, went down around 0.66% on 22 October 2024. Energy & Basic Materials sector demonstrated a substantial growth. Sectors such as Technology, Utilities and Real Estate faced a significant decline.

Macro Update:Volkswagen's UK financial services unit has been fined £5.4 million for unfairly treating financially vulnerable customers between 2017 and 2023, including repossessing vehicles without considering alternative options. Additionally, the company has agreed to pay £21.5 million in compensation to 110,000 affected customers. Meanwhile, …