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June 9, 2020

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Daily financial market update 2020 JUN 09

Daily Market ReportBy Samuel ObayomiJune 9, 2020

Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.34% to 25,335.15 Index Points and N13.22 Trillion respectively. Year-to-Date ASI is still at a negative of -5.61%. · Number of trade and Value of trade both decreased by -10.47% and -48.25% to 4137 deals…

Household spending plunge pulls down euro zone GDP in first quarter

Market NewsBy Samuel ObayomiJune 9, 2020

Household spending is one of the main drivers of the Euro zone’s economy. GDP of the 19 countries sharing the euro decreased at the rate of 3.1% year-on-year in quarter one 2020. Household consumption was responsible for 2.5 percentage points and investment for 1 points of GDP, while net trade was -0.4 points, government spending…

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