Monetary policy is one of the drivers of US economy. The US Federal reserve reduced short-term rates to a target range of 0% to 0.25%, and announcing at least $700 billion in Treasuries and mortgage-backed securities purchases in coming weeks. These should ease Coronavirus tension, but could lead to recession. Reuters
Equities Market The Equity Bourse continued with its depressed nature, as the NSE ASI and Market capitalization declined by 3.72% to 22,695.88 Index Points and N11,827.39 Tr. respectively. Year-to-Date ASI is still at a Negative of 45%. Volume, Value and No of Deals all decline by 23.94%, 44.44% and 23.06% respectively. CAVERTON topped the gainers’…
Global Economy –Rundown: The Fed Chairperson, explained that its prompt decision prior to its already scheduled meeting for 18th March, 2020, was spurred by potential risk to the United State Economy, arising from the novel coronavirus. The recent move of the Fed, is being interpreted “as when the watcher becomes the watch”, as the Fed…
Interest rate is one of the main drivers of UK economy. The Bank of England slashed interest rates by half a percentage point which returns the main interest rate to a record low of 0.25%. These should boost UK’s Economic output economic output by 1%. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.61% to 26,415.54 Index Points and N13.765 Tr respectively. Year-to-Date ASI is Still at a negative of -1.59%. · Number of trade, Volume of trade and Value of trade all decreased by 9.83%, 20.67% and…
Corona virus is one of the main negative drivers of the Global economy. The global economy is set to grow only 2.4% in 2020 down from a forecast of 2.9% in November 2019. The global growth could drop as low as 1.5% in 2020 if the Corona virus spreads throughout Asia, Europe and North America,…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 2.21% to 26,216.46 Index Points and N13.658 Tr respectively. Year-to-Date ASI is now at a negative of -2.21%. · Number of trade, Volume of trade and Value of trade all increased by 44.76% 79.81% and…
Inflation is one of the main drivers of Germany’s economy. ECB’s inflation target is currently below but close to 2% while Bundesbank’s predicts a 0.6% GDP expansion in 2020. Coronavirus may lead to German Economy not meeting its growth forecast. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.62% to 26,808.24 Index Points and N13.966 Tr respectively. Year-to-Date ASI is now at a negative of -0.13%. · Volume of trade and Value of trade both increased by 1.38% and 63.69% to 231.53 Million…
Business Spending is one of the main drivers of US economy. Business investment decreased by 2.3% rate in the 2019 fourth quarter, while consumer spending increased by 1.7 in the fourth quarter 2019. These led the US Gross domestic product to increase by 2.1% annualized rate. Reuters
