Germany’s Economic growth is one of the main drivers of the Europe’s Economy. The German government has revised its estimate for this year’s economic growth from 1.0% to 1.1%. Germany narrowly dodged recession in 2019 and started 2020 slowly. Reuters
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.45% to 29,591.29 Index Points and N15.242Tr respectively. Year-to-Date ASI is still at a positive of 10.24%. Number of trade and Volume of trade both decreased by 33.63% and 37.62% to 2915 and 196.929 Million respectively…
Inflation is one of the main drivers of European Union’s Economy. Inflation rate target has remained stable below 2% since 2003 while deposit rate is expected to stay at minus 0.5%. These drives the Expectation that Euro-Zone GDP growth will slow slightly to 1.1% in 2020 from 1.2% in 2019 then increase in 2021. Bloomberg
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.02% to 29,458.21 Index Points and N15.174Tr respectively. Year-to-Date ASI is still at a positive of 9.75%. Number of trade and Value of trade both decreased by 11.18% and 1.97% to 4392 and N3.64 Billion respectively…
Canada’s benchmark interest rates are one of the main drivers of Canada’s Economy. Canada annual inflation rate remained stable at 2.2% while the wholesale trade fell by 1.2% in November 2019. These drives the Expectation that Bank of Canada holds its benchmark Interest rate at 1.75%. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.83% to 29,462.76 Index Points and N15.176Tr respectively. Year-to-Date ASI is still at a positive of 9.76%. Number of trade and Value of trade both decreased by 2.12% and 11.26% to 4945 and N3.713 Billion respectively…
The Bank of Japan (BOJ) policies are one of the main drivers of Japan’s Economy. BOJ kept its short term inflation target at -0.1% while pledging to guide 10-year government bond yields around 0%. These are driven by the revision of growth for 2020 from 0.9% to 0.7%. Reuters
Global Economy –Rundown: Details of the ratified US China phase one trade resolution revealed that, China has pledged to purchase additional $200 Billion of US goods and services over the next two years and United States compensating side of the deal would be the reduction of tariffs to 7.5% from 15% on imported Chinese products…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.31% to 29,710.56 Index Points and N15.304Tr respectively. Year-to-Date ASI is still at a positive of 10.69%. Number of trade and Value of trade both increased by 21.01% and 17.70% to 5052 and N4.184 Billion respectively…
The European Central Bank (ECB) policies are one of the main drivers of European Union Economy. ECB has kept inflation target below 2% since 2003 while Sweden’s Central Bank (Riksbank) has increased from its negative interest rate to 0%. These are driven by the ECB estimate of 10% rise in Oil price having a negative…
