Lagos, Nigeria  •  Real-time financial news Newsletter Advertise
NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn ▲ T-Bills Demand firm ▲ NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn ▲ T-Bills Demand firm ▲
Lagos • WAT

Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.

0 281

Stock markets struggled for direction as they grappled with worries over global growth; following weak Chinese and U.S. economic data that knocked oil prices and commodity-linked currencies.

The dollar briefly hit a one-week high as investors piled back into the safe-haven currency. While the Aussie, euro and Chinese yuan buckled.

Europe’s benchmark STOXX index (. STOXX) edged up 0.1% to hit a 10-week high and mark a fifth straight session of gains, led by mining companies as London-listed BHP Group reported strong results.

But S&P 500 futures and Nasdaq futures dipped, indicating a likely weaker direction for U.S. markets when they open later.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dipped 0.1% after gains earlier in the day. MSCI’s benchmark index has gained 5% from the year’s lows but is still down 15% this year.

Reuters.

Leave A Reply

Your email address will not be published.