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…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.16% to 24,933.41 Index Points and N13.007 Trillion respectively. Year-to-Date ASI is still at a negative of -7.11%. · Number of trade, Volume of trade and Value of trade all decreased by -4.66%, -34.53% and…
U.S.-China trade deal is one of the main drivers of both economies. China agreed to buy $200 billion more in U.S. goods and services over two years. China’s 1.4 billion consumers represented the fastest growing market for U.S. companies, but U.S. firms also faced myriad challenges doing business with China. The purchase of U.S. goods…
Equities Market · The Nigerian Equity Bourse recorded an upward slide, as NSE ASI and Market capitalization both increased by 0.17% to 24,972.94 Index Points and N13.027 Trillion respectively. Year-to-Date ASI is still at a negative of -6.96%. · Number of trade decreased by -17.10% to 3,477 deals While Volume of trade and…