US – China trade talk is one of the main drivers of US and China Economy. The trade deal is expected to add 0.5% point to US GDP in both 2020 and 2021 while halving tariff rate to 7.5% on about $120 billion worth of Chinese goods. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.75% to 29,062.50 Index Points and N14.992Tr respectively. Year-to-Date ASI is still at a positive of 8.27%. Number of trade, Volume of trade and Value of trade all decreased by 23.92%, 46.00%, 56.49% to 4345, 360.076…
US producer prices is one of the main drivers of US economy. US producer price index increased by 1.3% in December 2019 while labor market slack dropped to 6.7%. These led to strong readings in December 2019 consumer inflation report. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 1.18% to 29,283.15 Index Points and N15.106Tr respectively. Year-to-Date ASI is still at a positive of 09%. Number of trade and Volume of trade both increased by 6.21% and 91.47% to 5711 and 666.783 Million while…
Global Economy –Rundown: The world Economic outlook for 2020, is pegged at a growth rate of 2.5%, amidst persisting weakness trailing investment and trading activity globally, while advanced economies growth for the year is estimated at 1.4%, this projection hinge on the continued flagging manufacturing data. Growth estimate for emerging market and developing economies is…
US consumer prices is one of the main drivers of US economy. US consumer price index increased by 0.2% in December 2019 while unemployment rate remained low at 3.5%. These led to increase in annual wage growth below 3% in December 2019. Reuters
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.07% to 29,415.39 Index Points and N15.175Tr respectively. Year-to-Date ASI is still at a positive of 9.59%. Number of trade, Volume of trade and Value of trade all decreased by 21.78%, 59.47% and 35.32% to 5189,…
US job growth is one of the main drivers of US economy. US economy grew by 2.1% in third quarter 2019, while it grew by nearly 3% in third quarter 2018. US economy is expected to grow by 2.3% at the end of 2019 due to the low unemployment rate of 3.5% in December 2019.…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 2.92% to 29,395.57 Index Points and N15.164Tr respectively. Year-to-Date ASI is still at a positive of 9.51%. No of trade, Volume of trade and Value of trade all decreased by 12.96%, 6.56% and 19.22% to 6634…
UK Benchmark Interest rates are one of the main drivers of UK economy. A few policymakers on the Bank of England (BoE) interest rate-setting committee voted to decrease interest rates to 0.5% from 0.75% due to the current weak growth in UK’s economy. There is a chance that the bank of England will reduce its’…
