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…
Retail sales are one of the main drivers of US economy. US retails sales increased to $73 billion in May 2020 which is 8% below February 2020 retail sales. This should aid in recovery of the US economy. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.10% to 24,930.88 Index Points and N13.005 Trillion respectively. Year-to-Date ASI is still at a negative of -7.12%. · Number of trade, Volume of trade and Value of trade all decreased by -12.77%, -15.68% and…
Fiscal policies are one of the main drivers of the U.S. economy. U.S. Federal Reserve has launched its long-awaited Main Street lending program, which will offer up to $600 billion in loans to U.S. businesses with up to 15,000 employees or with revenues up to $5 billion. This should boost recovery of the U.S. economy…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.90% to 24,956.04 Index Points and N13.02 Trillion respectively. Year-to-Date ASI is still at a negative of -7.03%. · Number of trade increased by 23.92% to 4,808 deals while Volume of trade and Value…
Factory output is one of the main drivers of China’s economy. China’s Industrial output growth increased to 4.4% in May 2020 from 3.9% in April 2020, while Retail sales decreased by 2.8% in May 2020 from 7.5% decrease in April 2020. These resulted from China’s gross domestic product decrease by 6.8% in the first quarter…
