Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide
Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction…
Category: Market
Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts Naira Stability
Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan transactions instead of demanding…
Naira Holds Steady in Black Market as U.S. Dollar Weakens Amid Global Uncertainty
The Nigerian naira remained stable in the black market, trading just below the N1.550/$ range in the first session of…
Asia Markets Mixed as China PMI Data, India Ties, and U.S. Tariff Ruling Shape Investor Sentiment
Asian stock markets closed mixed on Monday as investors weighed fresh economic data out of China, developments in India-China relations,…
India’s Strong GDP Growth Overshadowed by Weak Corporate Earnings and Market Outflows
India’s economy recorded robust growth of 7.8% in the April–June quarter of 2025, outpacing global peers. Yet, the country’s equity…
FX Stability, Capital Inflows Push Nigerian Stock Market to N26trn Gain in 8 Months
Nigeria’s stock market recorded a remarkable growth of N26.01 trillion in market capitalisation within the first eight months of 2025,…
Dollar Slips as Fed Rate Cut Bets Rise; Trump-Putin Summit in Focus
The U.S. dollar weakened on Friday, reversing gains from earlier in the week, as traders grew more confident that the…
NGX Revenue Jumps to N24bn on Bank Recapitalisation and New Listings
The Nigerian Exchange Group Plc (NGXGROUP) reported a significant revenue growth to N24 billion in the 2024 financial year, boosted…
European Markets Open Higher as Nvidia Earnings Boost Sentiment; Drax Shares Plunge 11% on UK Probe
European stock markets opened higher on Thursday, lifted by strong earnings from U.S. tech giant Nvidia, even as investors weighed…
Stock Futures Flat as Investors Await Nvidia Earnings: AI Demand Fuels Market Optimism
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report, a potential turning point…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence vote next month. The CAC…
European Stocks Open Lower as Orsted Plunges 18% Amid U.S. Project Halt
European markets started the week on a weaker note, with the pan-European Stoxx 600 slipping 0.2% in early trading on…
Asian Markets Mixed as Japanese Exports Hit 4-Year Low, Investors Await Fed Rate Signals
Asian stock markets closed mixed on Wednesday as Japan reported its steepest drop in exports in more than four years,…
European Stocks Edge Higher as Oil Prices Fall on Ukraine Peace Hopes
European shares opened higher on Tuesday while oil prices retreated, as investors weighed fresh diplomatic efforts aimed at ending the…
Asia Stocks Flat, Oil Prices Fall Ahead of Fed Meeting as Ukraine Peace Hopes Lift Europe Futures
Asian shares traded flat on Tuesday while oil prices slipped, as investors turned cautious ahead of the U.S. Federal Reserve’s…
European Stocks Dip as Markets Await Ukraine Talks and Jackson Hole Signals
European Markets Slip as Traders Brace for Geopolitical and Fed CuesEuropean stock markets edged lower on Monday as investors turned…
European Stocks Trade Mixed as Trump-Zelenskyy Talks on Ukraine Peace Loom
European markets opened mixed on Monday as investors awaited a high-stakes White House meeting between U.S. President Donald Trump, Ukrainian…
Bitcoin Surges to $124K Amid Trump Crypto Reforms and Fed Rate Cut Bets
Bitcoin soared to a record high of $124,000 early Thursday as investor confidence surged around President Donald Trump’s pro-cryptocurrency reforms…
Nigerian Breweries, MTN, Nestlé Set to Revive Dividend Payouts in 2026 as Profits Surge
After two years of foreign exchange volatility and soaring finance costs that forced top Nigerian companies to halt shareholder rewards,…
Dollar Falls as Fed Rate-Cut Bets Rise, Bitcoin Hits Record High Amid Global Market Pause
Global markets paused for breath on Thursday as traders ramped up bets that the U.S. Federal Reserve will cut interest…
FMDQ Announces Equity Market Launch to Rival NGX Amid Strong 2024 Growth
Nigeria’s FMDQ Group, owner of the country’s leading fixed income securities exchange, has confirmed plans to launch its own equity…
Asian Markets Rally as US-China Tariff Truce Boosts Investor Confidence
Asian stock markets gained on Tuesday, with Japan’s Nikkei reaching an all-time high, as the United States and China extended…
Global Markets Rally as U.S.–China Tariff Truce Extended; Focus Shifts to Key U.S., UK Economic Data
Global markets started the day on a strong note after the United States and China agreed to extend their tariff…
Debt Market Warning Signs Raise Red Flags for Overheated Stocks
Global investors are turning cautious on corporate credit markets, warning that current pricing levels are far too optimistic given slowing…
FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in July 2025
Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories despite…
European Pharma Stocks Slide Amid Trump Tariff Threats and Bayer’s Legal Woes
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs of up to 250%…
Nigeria’s Business Confidence Climbs for Sixth Month in 2025; Manufacturing Sector Drives Economic Recovery
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience…
Asian Markets Brace for Sharp Decline as US Tariffs Escalate Trade Tensions
Asian shares are on track for their worst weekly drop since April following the US government’s decision to impose steep…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and Financial Inclusion
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold…
Asian Markets Fall on Weak China Data, Strong Yen; Global Tariffs and BOJ Outlook Stir Investor Caution
Asian stocks declined on Thursday, weighed down by disappointing Chinese economic data and a sharp drop in copper prices. The…