FCSL WEEKLY MARKET REPORT_13TH DECEMBER, 2019

Domestic Economy –Rundown:
According to the Banking sectors data for quarter 3 of 2019, revealed that the aggregate credit disburse to the private sector sum-up to N16.251trillion, which represent a 7.39% growth on a quarter on quarter basis, according to sector allocation, the Oil & Gas and Manufacturing of the industry sector were the largest recipient of credit disbursement that both accessed the sum of N3.385trillion and N2.565trillion respectively.
Global Economy –Rundown:
Sequel to the reopened trade dispute negotiation, a phase one trade resolution is closed to be signed off to, this resolution has simply averted the imposition of additional tariff hikes earlier planned for 15^th December, 2019, also the phase one trade deal also paved way for the reversal of previously imposed tariff, while some quarter within Chinese Government has expressed some level of caution sating that this is just a phased achievement that does not translate to full and final settlement of the trade dispute, while the wordings of the agreement calls for extra care, so that such do not re-escalate tensions and deepen differences.
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