Global Economy –Rundown: A glimpse of hope towards global economic recovery was spurred on the hills of encouraging rebound from manufacturing activities emanating from the world economy powers (China & United State), as the respective economy recorded weighty growth in its manufacturing activity for the month of June. According to data released by Institute for…
Unemployment rate is a driver of the US economy. The US unemployment rate is forecast to decrease by 12.3% in June 2020 from 13.3% in May 2020. Despite two straight months of gains, employment would still be about 16.6 million jobs below its pre-pandemic level. Reuters
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.47% to 24,595.05 Index Points and N12,830.23 Tr. respectively. Year-to-Date ASI is still at a Negative of -8.37%. · Number of Trades, Volume of Trades and Value of Trades all decreased by -15.50%, -29.45%…
Asia’s Factory activities is one of the main driver’s of the Global Economy. The global economy is expected to shrink by 4.9% this year and rebound by just 5.4% next year. China’s PMI rose to 51.2 in June 2020 from 50.7 in May 2020. Japan’s PMI rose to 40.1 in June, while South Korea’s PMI…
Equities Market · The Equity Bourse recorded a downward slide as the NSE ASI and Market capitalization depreciated by -1.53% to 24,479.16 Index Points and N12,769.81 Tr. respectively. Year-to-Date ASI is still at a Negative of -8.80%. · Number of Trades, Volume of Trades and Value of Trades all increased by 13.30%, 76.83% and 91.89%…
Capital Markets are one of the main drivers of the Global Economy. The total market capitalization of global stocks is now 52% of expected global economic output. World stocks best performing sectors this year are Information Technology, Health Care & Communication Services while worst performing sectors are Energy, Financials & Real Estate. Earnings yield on…
Global Economy –Rundown: Based on the recently reviewed Global Economy outlook, International Monetary Fund have downgraded its global forecast further down as additional data collated revealed the magnitude of financial resources devoted to curbing and stemming the COVID-19 pandemic. The Fund now anticipate a global economic contraction of about 4.9% for the year, as…
U.S. homes sale is one of the drivers of US economy. U.S. existing homes sale decreased by 26.6% compared with last year in May 2020. In addition, the supply of homes available for sale is still tight, indicating a strong housing market recovery is unlikely. These is a result of negative growth in U.S. 2020…
Global Economy –Rundown: A marginal gain in the United State retail sales was recorded for the month of May, as renewed consumers spending fueled a rise of 0.5%, and retail data for the month of April was modified to reflect an appreciated retail sales of 0.3%, as against a contraction of 0.2% earlier reported. Based…
