Equity supply shrinking, calls for early elections in Israel, Russian cyber attacks on railways in Europe, new plan to boost Africa's agriculture sector
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Quick takeaways
Executives lack confidence in market rally due to global equity supply decline.
OCP aims to enhance African agriculture through customized fertilizers and resilient seed varieties.
Deep dives
Shrinking Equity Supply and Market Confidence
Companies are buying back shares at a rapid pace, leading to a significant decrease in the global supply of equities. This trend has surprised analysts at JP Morgan, indicating that executives lack confidence in the market rally and prevailing economic conditions. Typically, in a strong economy, more equity is expected to be generated through the selling of new shares, but the opposite is occurring. This decline in equity supply highlights reservations about market stability and economic outlook.
OCP's Initiative to Transform African Agriculture
OCP, a Moroccan fertilizer company, aims to leverage Africa's vast arable land to enhance agricultural productivity. With Africa holding 60% of the world's arable land and facing increasing population growth, OCP sees a significant opportunity in boosting the agri-food sector across the continent. By introducing customized fertilizer use based on soil analysis and collaborating with organizations like the Gates Foundation to develop resilient seed varieties, OCP seeks to address the inefficiencies in African agriculture. The company's efforts not only aim to increase yields but also involve creating a sustainable agricultural ecosystem to ensure long-term impact on food production and economic growth.
The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cyber attacks on railway systems throughout Europe. Plus, a new plan to give a boost to Africa’s agriculture.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Zach St. Louis, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.