US – CHINA trade talks & BREXIT are one of the main drivers of foreign exchange (FOREX) market. The volume of FOREX traded daily declined by 4.2% in November 2019 to $1.61 trillion from $1.68 trillion as at November 2019 while declining by 10% when compared with October 2019. FOREX volumes have been rising in…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.13% to 26,536.21 IndexPoints and N12.808 Tr respectively. Year-to-Date ASI is still at a Negative of 57%. Volume and Value of trade both decreased by 51.41% and 53.40% to 155.347 Million Volume of trade and N1.432…
UACN Cost Impediment a drag on Firms Profitability strive UACN is the second market player in the conglomerate sector of the NSE classification a position ascribed to the firm on the basis of its Total Asset and Equity as at 31st December, 2018 (Total Asset :Transcorp-68% & UACN-28% & Equities: Transcorp-56% & UACN -40%). Although…
US Consumer spending is one of the main drivers of US economy. US Retail sales increased by 0.2% in November 2019, Compared to November 2018, retail sales increased 3.3%. Consumer spending, which accounts for more than two-thirds of U.S. economy, grew at a 2.9% annualized rate in the 3rd quarter of 2019, while unemployment rate…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.51% to 26,569.80 IndexPoints and N12.824 Tr respectively. Year-to-Date ASI is still at a Negative of 46%. Volume and Value of trade both increased by 77.38% and 1.58% to 319.694 Million Volume of trade and N3.072…
US Benchmark overnight lending rate is one of the main drivers of Liquidity in the US short term funding market. Interest rates in the overnight repurchase agreement (repo) market increased to 10%, in September 2019 which was over four times the benchmark overnight lending rate. US has made efforts to boost liquidity in cash lending…
Equities Market The Nigerian Equity Bourse Closed in the positive territory, as NSE ASI and Market capitalization both increased by 0.19% to 26,434.00 Index Points and N12.758 Billion respectively. Year-to-Date ASI is still at a Negative of 15.90%. Value of trade, Volume of trade and No of trades all declined by 14.83%, 8.18% and 6.41%…
US Benchmark Monetary policy rate is one of the main drivers of the US economy. US Federal Reserve policy committee is expected to leave its benchmark rate unchanged at a level between 1.5% and 1.75% at the end of today’s two-day policy meeting. Policymakers agree that a very low US unemployment rate of 3.5% is…
DAILY FINANCIAL MARKET UPDATE Tuesday December 10th, 2019 Equities Market The Nigerian Equity Bourse Closed in the negative territory, as NSE ASI and Market capitalization both reduced by 1.11% to 26,384.21 Index Points and N12.734 Billion respectively. Year-to-Date ASI is at a Negative of 16.06%. Value of trade and Volume of trade increased by 0.10%…
Benchmark 10 year yields is one of the main drivers of Japan bond futures. The 10-year yield has risen about 8 basis points so far which turned 0 from being negative since March 2019 while Japanese bond futures have fallen to the lowest since one year and are down over 2% from highest in late…
