South Korea’s Kospi Index Hits Record High After Government Scraps Stock Tax Hike Plan
South Korea’s benchmark Kospi index soared to a record high of 3,420.23 in early Monday trade, marking its 10th consecutive…
Category: Market
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Kering Shares Rise 2% as Gucci Owner Delays Valentino Acquisition to 2028 Amid Mixed European Markets
European markets opened Thursday on a mixed note as investors awaited fresh guidance from the European Central Bank (ECB). The…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Zara Owner Inditex Stock Jumps 7% as Strong Autumn/Winter Sales Reassure Investors
European markets opened higher on Wednesday, buoyed by fresh earnings updates, inflation data, and global trade news. The pan-European Stoxx…
Asia Markets Rally on Wall Street Gains and Fed Rate-Cut Hopes; South Korea’s Kospi Hits Record High
Asia-Pacific markets climbed on Wednesday, following Wall Street’s strong performance as investors anticipated a potential Federal Reserve rate cut. Optimism…
Investors Lose ₦823bn as Bearish Sentiment Deepens on NGX
The Nigerian Exchange Limited (NGX) extended its losing streak last week as investors’ wealth dropped by ₦823 billion amid waning…
Stock Futures Hold Steady as Investors Await Key Inflation Reports This Week
Stock futures opened little changed on Sunday evening as Wall Street prepared for a pivotal week centered on new inflation…
U.S. Treasury Yields Hold Steady as Investors Await Key Inflation Data
U.S. Treasury yields were little changed on Monday as markets turned their attention to crucial inflation data expected later this…
NGX Slams N133m Fines on 17 Companies Over Late Financial Filings
The Nigerian Exchange Regulation Limited (NGX RegCo) has fined 17 listed companies a total of ₦133.4 million for failing to…
Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts
Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per…
Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide
Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction…
Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts Naira Stability
Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan transactions instead of demanding…
Naira Holds Steady in Black Market as U.S. Dollar Weakens Amid Global Uncertainty
The Nigerian naira remained stable in the black market, trading just below the N1.550/$ 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,…