Inflation is one of the main drivers of European Union’s Economy. Inflation rate target has remained stable below 2% since 2003 while deposit rate is expected to stay at minus 0.5%. These drives the Expectation that Euro-Zone GDP growth will slow slightly to 1.1% in 2020 from 1.2% in 2019 then increase in 2021. Bloomberg
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.02% to 29,458.21 Index Points and N15.174Tr respectively. Year-to-Date ASI is still at a positive of 9.75%. Number of trade and Value of trade both decreased by 11.18% and 1.97% to 4392 and N3.64 Billion respectively…
Canada’s benchmark interest rates are one of the main drivers of Canada’s Economy. Canada annual inflation rate remained stable at 2.2% while the wholesale trade fell by 1.2% in November 2019. These drives the Expectation that Bank of Canada holds its benchmark Interest rate at 1.75%. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.83% to 29,462.76 Index Points and N15.176Tr respectively. Year-to-Date ASI is still at a positive of 9.76%. Number of trade and Value of trade both decreased by 2.12% and 11.26% to 4945 and N3.713 Billion respectively…
The Bank of Japan (BOJ) policies are one of the main drivers of Japan’s Economy. BOJ kept its short term inflation target at -0.1% while pledging to guide 10-year government bond yields around 0%. These are driven by the revision of growth for 2020 from 0.9% to 0.7%. Reuters
Global Economy –Rundown: Details of the ratified US China phase one trade resolution revealed that, China has pledged to purchase additional $200 Billion of US goods and services over the next two years and United States compensating side of the deal would be the reduction of tariffs to 7.5% from 15% on imported Chinese products…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.31% to 29,710.56 Index Points and N15.304Tr respectively. Year-to-Date ASI is still at a positive of 10.69%. Number of trade and Value of trade both increased by 21.01% and 17.70% to 5052 and N4.184 Billion respectively…
The European Central Bank (ECB) policies are one of the main drivers of European Union Economy. ECB has kept inflation target below 2% since 2003 while Sweden’s Central Bank (Riksbank) has increased from its negative interest rate to 0%. These are driven by the ECB estimate of 10% rise in Oil price having a negative…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.91% to 29,618.52 Index Points and N15.256Tr respectively. Year-to-Date ASI is still at a positive of 10.34%. Number of trade, Volume of trade and Value of trade all decreased by 10.29%, 16.06% and 29.16% to 4175,…
US – China trade is one of the main drivers of China’s Economy. China’s growth decreased to 6.1% in 2019 from 6.6% in 2019 due to the Us –China Trade war while Industrial output, retail sales and Fixed-asset investment increased in 2019. China’s growth is expected to remain steady in 2020 due to the signing…
