Goldman Sachs axes diversity rule that has 'served its purpose'

Goldman Sachs' decision to remove the diversity requirement could pave the way for increased business activity as it removes barriers for companies seeking public listings. Additionally, Gnodde's emphasis on infrastructure investment points to potential opportunities in the construction and related sectors, particularly if the UK government heeds these calls. Lastly, a prolonged economic uncertainty due to US policies could dampen broader market sentiment, affecting financial institutions and related stocks negatively.

Given the comments regarding infrastructure projects, companies involved in construction, public works, and materials may benefit if the government acts on these recommendations. This could lead to a rise in stock prices for relevant players in the market. Further, any focus on fostering competition among UK firms may also benefit ETFs or stocks that capitalize on market consolidation.