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June 2020

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Daily financial market update 2020 JUN 16

Daily Market ReportBy Samuel ObayomiJune 17, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.10% to 24,930.88 Index Points and N13.005 Trillion respectively. Year-to-Date ASI is still at a negative of -7.12%. · Number of trade, Volume of trade and Value of trade all decreased by -12.77%, -15.68% and…

Fed's Powell set to reiterate long U.S. economic recovery, call for more fiscal support

Market NewsBy Samuel ObayomiJune 16, 2020

Fiscal policies are one of the main drivers of the U.S. economy. U.S. Federal Reserve has launched its long-awaited Main Street lending program, which will offer up to $600 billion in loans to U.S. businesses with up to 15,000 employees or with revenues up to $5 billion. This should boost recovery of the U.S. economy…

Economy HighlightsBy Samuel ObayomiJune 16, 2020

https://www.fcslng.com/wp-content/uploads/2020/06/FCSL-Monthly-Economic-Market-Update-May-2020.pdf

Daily financial market update 2020 JUN 15

Daily Market ReportBy Samuel ObayomiJune 15, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.90% to 24,956.04 Index Points and N13.02 Trillion respectively. Year-to-Date ASI is still at a negative of -7.03%.   · Number of trade increased by 23.92% to 4,808 deals while Volume of trade and Value…

China's factory output perks up but consumers stay cautious

Market NewsBy Samuel ObayomiJune 15, 2020

Factory output is one of the main drivers of China’s economy. China’s Industrial output growth increased to 4.4% in May 2020 from 3.9% in April 2020, while Retail sales decreased by 2.8% in May 2020 from 7.5% decrease in April 2020. These resulted from China’s gross domestic product decrease by 6.8% in the first quarter…

Daily financial market update 2020 JUN 11

Daily Market ReportBy Samuel ObayomiJune 11, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.13% to 25,182.67 Index Points and N13.14 Trillion respectively. Year-to-Date ASI is still at a negative of -6.18%. · Number of trade decreased by -2.46% to 3,880 deals while Volume of trade and Value of…

U.S. consumer prices post third straight monthly drop

Market NewsBy Samuel ObayomiJune 10, 2020

Consumer prices are one of the main drivers of the US economy. US Consumer price index decreased month-on-month by 0.1% in May 2020 after decreasing 0.8% in April 2020 while, the CPI increased year-on-year by 0.1% in May 2020 after increasing by 0.3% in April 2020. These are as a result of the negative growth…

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…

Daily financial market update 2020 JUN 08

Daily Market ReportBy Samuel ObayomiJune 8, 2020

Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.93% to 25,250.20 Index Points and N13.17 Trillion respectively. Year-to-Date ASI is still at a negative of -5.93%. · Number of trade and Volume of trade both increased by 6.43% and 7.46% to 4621 deals…

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