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June 5, 2020

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Daily financial market update 2020 JUN 05

Daily Market ReportBy Samuel ObayomiJune 5, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -1.17% to 25,016.30 Index Points and N13.05 Trillion respectively. Year-to-Date ASI is still at a negative of -6.80%. · Number of trade, Volume of trade and Value of trade all decreased by -4.57%, -20.61% and…

U.S. unemployment rate seen near 20% as COVID slams jobs market again in May

Market NewsBy Samuel ObayomiJune 5, 2020

Employment is one of the main drivers of the US economy. The U.S. unemployment rate increased to almost 20% in May 2020 from 14.7% in April 2020. These can lead to further decline in the US GDP for 2020 quarter 2. Reuters

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