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February 2020

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Daily financial market update 2020 FEB 28

Daily Market ReportBy Samuel ObayomiFebruary 28, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 2.21% to 26,216.46 Index Points and N13.658 Tr respectively. Year-to-Date ASI is now at a negative of -2.21%. · Number of trade, Volume of trade and Value of trade all increased by 44.76% 79.81% and…

Coronavirus may make German economy miss growth forecasts

Market NewsBy Samuel ObayomiFebruary 28, 2020

Inflation is one of the main drivers of Germany’s economy. ECB’s inflation target is currently below but close to 2% while Bundesbank’s predicts a 0.6% GDP expansion in 2020. Coronavirus may lead to German Economy not meeting its growth forecast. Reuters

Daily financial market update 2020 FEB 27

Daily Market ReportBy Samuel ObayomiFebruary 28, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.62% to 26,808.24 Index Points and N13.966 Tr respectively. Year-to-Date ASI is now at a negative of -0.13%. · Volume of trade and Value of trade both increased by 1.38% and 63.69% to 231.53 Million…

U.S. fourth quarter GDP unrevised; weakness in business spending persists

Market NewsBy Samuel ObayomiFebruary 27, 2020

Business Spending is one of the main drivers of US economy. Business investment decreased by 2.3% rate in the 2019 fourth quarter, while consumer spending increased by 1.7 in the fourth quarter 2019. These led the US Gross domestic product to increase by 2.1% annualized rate. Reuters

Daily financial market update 2020 FEB 26

Daily Market ReportBy Samuel ObayomiFebruary 26, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.22% to 26,974.38 Index Points and N14.052 Tr respectively. Year-to-Date ASI is still at a positive of 0.49%. · Number of trade, Volume of trade and Value of trade all decreased by 14.03%, 5.52% and…

Falling exports bring German economy to standstill in fourth quarter

Market NewsBy Samuel ObayomiFebruary 25, 2020

Trade is one of the main drivers of German economy. Exports fell by 0.2% in the fourth quarter 2019, while Gross investment increased by 2.9% in the last quarter of 2019 with State consumption adding 0.1 percentage points to growth, while private consumption made no contribution. These led the German economy to grow by 0.6%…

FCSL DAILY MARKET REPORT & NSE PRICE LIST – 24th FEBRUARY, 2020

Daily Market ReportBy Samuel ObayomiFebruary 24, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 1.27% to 27,041.03 Index Points and N14.087 Tr respectively. Year-to-Date ASI is still at a positive of 0.74%. · Number of trade, Volume of trade and Value of trade all increased by 2.49%, 1.83% and…

Investors raise ECB rate cut bets on coronavirus fears

Market NewsBy Samuel ObayomiFebruary 24, 2020

Benchmark Interest rate is one of the main drivers of European economy. Euro zone money markets priced in around a 50% chance that the European Central Bank will cut interest rates by 10 basis points in July 2020 which is up from around 35% a week ago. This should boost growth in European economy. Reuters

Daily financial market update 2020 FEB 21

Daily Market ReportBy Samuel ObayomiFebruary 21, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 0.65% to 27,388.62 Index Points and N14.268 Tr respectively. Year-to-Date ASI is still at a positive of 2.04%. · Number of trade and Value of trade both increased by 5.64% and 54.68% to 4423 and…

Fed's Bostic: No need to 'do anything' with current policy stance

Market NewsBy Samuel ObayomiFebruary 21, 2020

US benchmark Interest rate is one of the main drivers of US economy. US benchmark interest rate is set in a range of 1.50% to 1.75% which should lead to U.S. economy growing at a 2.00% to 2.25% annualized rate in 2020. Reuters

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