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Samuel Obayomi

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Daily financial market update 2020 FEB 17

Daily Market ReportBy Samuel ObayomiFebruary 17, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.67% to 27,570.94 Index Points and N14.359 Tr respectively. Year-to-Date ASI is still at a positive of 2.72%. · Number of trade, Volume of trade and Value of trade all increased by 3.54%, 1.50% and…

Japan on brink of recession as economy contracts, virus heightens risk

Market NewsBy Samuel ObayomiFebruary 17, 2020

Sales tax is one of the main drivers of Japan’s Economy. Private consumption decreased by 2.9%, while capital expenditure decreased by 3.7% in fourth quarter 2019 caused by an increase in sales tax. These led to decrease in Japan’s gross domestic product (GDP) by 6.3% in fourth quarter 2019. Reuters  

Daily financial market update 2020 FEB 14

Daily Market ReportBy Samuel ObayomiFebruary 14, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.39% to 27,755.87 Index Points and N14.456 Tr respectively. Year-to-Date ASI is still at a positive of 3.40%. · Number of trade, Volume of trade and Value of trade all decreased by 0.28%, 12.01% and…

Daily financial market update 2020 FEB 13

Daily Market ReportBy Samuel ObayomiFebruary 13, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.05% to 27,864.84 Index Points and N14.513Tr respectively. Year-to-Date ASI is still at a positive of 3.81%. · Number of trade and Volume of trade both decreased by 9.12% and 1.10% to 3198 and 150.725…

Despite $1 trillion deficits, Trump tax cuts will still 'pay for themselves': Mnuchin

Market NewsBy Samuel ObayomiFebruary 13, 2020

Fiscal policies are one of the main drivers of US economy. US budget deficit is expected to average $1.3 trillion a year over the next decade, while US economy is expected to grow by 2.2% in 2020, with the growth rate falling below 2.0% in future years. Reuters

Daily financial market update 2020 FEB 12

Daily Market ReportBy Samuel ObayomiFebruary 12, 2020

Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.02% to 27,878.43 Index Points and N14.520Tr respectively. Year-to-Date ASI is still at a positive of 3.86%. · Number of trade, Volume of trade and Value of trade all decreased by 4.63%, 44.84% and 34.29%…

Fed's Powell says economy in good place, warns on Coronavirus

Market NewsBy Samuel ObayomiFebruary 12, 2020

Inflation & Interest rates are one of the main drivers of US economy. US Short-term borrowing costs target is between 1.50% and 1.75%, while inflation based on the price index for personal consumption expenditures was 1.6% in 2019.These places US economy in a position of continued expansion. Reuters

Daily financial market update 2020 FEB 11

Daily Market ReportBy Samuel ObayomiFebruary 11, 2020

Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.36% to 27,871.90 Index Points and N14.516Tr respectively. Year-to-Date ASI is still at a positive of 3.84%.   · Number of trade, Volume of trade and Value of trade all increased by 5.82%, 38.03% and…

Trump's $4.8 trillion budget gets chilly reception from Congress

Market NewsBy Samuel ObayomiFebruary 11, 2020

Annual Budget is one of the main drivers of US economy. The US economy grew by 2.3% in 2019, while President Donald Trump’s is proposing $4.8 trillion budget for 2020. These should lead to US economy growth of 2.2% in 2020. Reuters  

Daily financial market update 2020 FEB 10

Daily Market ReportBy Samuel ObayomiFebruary 10, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.05% to 27,772.19 Index Points and N14.464Tr respectively. Year-to-Date ASI is still at a positive of 3.47%.   · Number of trade, Volume of trade and Value of trade all decreased by 17.82%, 34.14% and…

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