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…
Equities Market The Nigerian Equity Bourse maintained its downward trend, as NSE ASI and Market capitalization both closed southwards at 0.09% to 26,913.70 Index Points and N12.989Billion respectively. Year-to-Date ASI is at a Negative of 14.37%. Volume, Value and No. of trades all appreciated by 83.60%, 164.16% and 26.34% to N207.260Million Volume of trade ,…
Equities Market The Nigerian Equity Bourse continued on decline, however at a lower rate, as NSE ASI and Market capitalization both closed southwards at 0.02% to 26,938.58 Index Points and N13.002Billion respectively. Year-to-Date ASI is at a Negative of 14.29%. Volume, Value and No. of trades all declined by 40.27%, 62.64% and 8.24% to N112.886Million…
Equities Market The Nigerian Equity Bourse closed on a Negative note, as NSE ASI and Market capitalization both closed southwards at 0.17% to 26,944.32 Index Points and N13.005Billion respectively. Year-to-Date ASI is at a Negative of 14.27%. Value and No. of trades both increased by 18.30% and 7.15% to N2.883Billion and 3,314 No. of deals…
Equities Market The Nigerian Equity Bourse closed on a Negative note, as NSE ASI and Market capitalization both closed southwards at 0.04% to 26,990.59 Index Points and N13.027Billion respectively. Year-to-Date ASI is at a Negative of 14.13%. Value and No. of trades both decreased by 33.40% and 4.71% to N2.437Billion and 3,093 No. of deals…
Equities Market The Nigerian Equity Bourse inched higher further from previous day upswing, as NSE ASI and Market capitalization both inched higher by 0.66% to 27,002.15 Index Points and N13.033Billion respectively. Year-to-Date ASI is at a Negative of 14.09%. Value and No. of trades both increased by 112.73% and 3.01% to N3.659Billion and 3,246 No.…
Us-China trade war is one of the main drivers of the China’s Economy Slow down which is leading to increasing default by Chinese companies in 2020. Moody’s credit rating agency expects 40-50 new defaults in 2020, compared with 35 in 2019 and total value of defaults in 2020 to be below 200 billion yuan ($28…
According to Wartsila’s Managing Director i.e. Wale Yusuff , Nigeria would see a rise in demand for renewable energy by 2030 creating a landscape for power plants to operate which means the federal government needs to formulate the right policies and business environment to attract both local and foreign investments to bridge its energy needs.…
