China is the world’s second-largest oil consumer. China’s oil demand has recovered to more than 90% of the levels seen before the Coronavirus pandemic which has boosted the recovery of Global Oil prices. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 0.22% to 25,166.01 Index Points and N13.115 Trillion respectively. Year-to-Date ASI is still at a negative of -6.24%. · Number of trade, Volume of trade and Value of trade all decreased by 7.87%, 40.13% and…
Recovery plans are part of the main drivers of the European union (EU) economy. The European Union’s executive unveiled a 750 billion euro recovery plan, while the EU’s long-term budget for 2021-27 is proposed to be 1.1 trillion Euros ($1.21 trillion).EU countries have agreed on 500 billion Euros of immediate rescue aid and plan worth…
U.S. leveraged loan market is part of the main drivers of the U.S. economy. The trailing 12-month default rate increased to 2.8% from 1.8% in 2019. These led the monthly tally of defaults in the U.S. leveraged loan market to hit a six year high which has negative affected businesses and the U.S. economy. Reuters
Equities Market · · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.03% to 24,452.23 Index Points and N12.743 Trillion respectively. Year-to-Date ASI is still at a negative of -8.90%. · Number of trade, Volume of trade and Value of trade all increased by…
Interest rates are part of the main drivers of the Global economy. The European central bank (ECB) introduced negative rates in 2014, with its deposit rate currently -0.5%; while the Bank of Japan (BOJ) uses aggressive asset purchases to guide short-term rates to -0.1%. Under a negative rate policy, financial institutions are required to pay…
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.09% to 24,202.87 Index Points and N12.613 Tr respectively. Year-to-Date ASI is Still at a negative of -9.83%. · Volume of trade and Value of trade both increased by 2.65% and 33.86% to 339.757 Million…
Benchmark interest rates are part of the main drivers of China’s economy. One-year loan prime rate (LPR) stands at 3.85 %, while the five-year tenor was at 4.65%. China’s Gross domestic product (GDP) shrank 6.8% in the first quarter from a 2019 first quarter as the Coronavirus outbreak and tough containment measures paralyzed activity across…
Equities Market The Equity Bourse continued with an upward movement as the NSE ASI and Market capitalization appreciated by 0.48% to 21,861.78 Index Points and N11,393.34 Tr. respectively. Year-to-Date ASI is still at a Negative of 18.55%. Volume, Value and No of Deals all appreciated by 46.03%, 77.95% and 12.03% respectively. GLAXOSMITH topped the gainers’…
Equities Market The Equity Bourse resurged from the previous day downward slide as the NSE ASI and Market capitalization appreciated by 0.13% to 21,757.47 Index Points and N11,338.97Tr. respectively. Year-to-Date ASI is still at a Negative of 94%. Volume, Value and No of Deals all decline by 26.26%, 15.72% and 8.57% respectively. UBN topped the…
