Inflation in the Euro Zone Drops To 9.2% as Energy Prices Stabilize.
The European Central Bank is not expected to change its stance in response to the euro zone’s inflation declining for…
Category: Market
In 2022 Stock Market Capitalization Increased by N5.6 trillion.
Between the opening of the market on January 4, 2022, and the conclusion of business on December 30, 2022, investors…
DMO Announces 2023’s Initial Offering of FGN Savings Bonds.
The first bond issuance for 2023 has been announced by the Debt Management Office (DMO): two Federal Government of Nigeria…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This information was…
UK’s FTSE 100 Slips in Last Trading Session of 2022.
Despite being one of the few bright spots in a year marred by economic concerns and political unrest, the blue-chip…
US President Biden Signs $1.66 trillion FY 2023 Government Funding Bill.
President Joe Biden completed what he called “a year of historic success” by signing a $1.7 trillion federal budget measure…
The UK Economy Slumped more than Initially Estimated.
According to the Office for National Statistics (ONS), business investment performed worse than anticipated, causing the economy to contract by…
Kenya: Major Income Losses Affect 50% of Border Populations.
The ability of more than half of those residing near the Kenyan border and in other African countries to meet…
Kenya’s Producer Inflation Hits Highest Points Since 2019.
The Producer Price Index (PPI), which measures the cost of manufacturing, reached 16.53 percent in June before falling to 15.…
Ghana’s Economy Grows Slowly in the Third Quarter.
According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between July and…
Kenya: Treasury Announces a New Plan for Sh110 billion in Syndicated Loans.
According to an International Monetary Fund (IMF) report, Kenya will take out syndicated loans totalling Sh110. 7 billion by the…
Revealed Deadline for Capital Market Participants’ Registration Renewal.
All capital market operators must complete the annual renewal of their registrations by January 31, 2023, according to Securities and…
Gold Surpasses $1,800 Due to a BOJ Policy Change.
Gold prices increased 1% to over $1,800 as the dollar fell following the Bank of Japan’s unexpected policy change and…
Dollar Declines as Demand for the Yen Rises.
The yen was in demand as the U.S. Dollar declined in European trade as a result of a report that…
Kenya: Fixed Deposit Returns are Wiped Out by Inflation.
The purchasing power of deposits made by Kenyans decreased by an estimated 2.36 percent in September, representing the lowest real…
As Kenya Battles Drought, Food Prices Rise Significantly.
Food prices such as sukuma wiki (collard greens), matumbo (offal), beef, and tomatoes rose the fastest, hurting Kenyan households whose…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders willing to participate in the…
UK Inflation Drops from a 41-year High as Fuel Price Surge Subsides.
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%, as lower fuel prices helped…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a Decade.
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming year is looking…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic Levels.
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross domestic…
Yellen Predicts that by the End of 2023, US Inflation will be Significantly Lower.
Barring an unexpected shock, U.S. Treasury Secretary Janet Yellen predicted a significant decline in inflation in the country in 2023.…
British Economy Recovers from Royal Funeral Blow.
The British economy recovered from the one-time public holiday marking Queen Elizabeth’s funeral in September a little more strongly than…
Dollar Rises as Inflation Pressures Persist.
Dollar increased, suggesting that inflationary pressures have persisted and that the Federal Reserve may decide to keep interest rates higher…
Dangote Refinery Valuation to Soar Past $13.8bn on Completion
The European Union is looking for alternative sources of refined products as a result of the sanctions imposed on Russian…
China’s Trade Suffers Worst Slump.
In November, China’s exports and imports declined at their fastest rate in at least two and a half years as…
Bank of England to add 50 bps to Bank Rate on Dec. 15.
Despite the economy entering a recession, the Bank of England will increase Bank Rate by another 50 basis points, bringing…
Iranian Authorities Plan to Freeze the Bank Accounts of Women who Reject the Hijab.
According to a member of the Iranian parliament, the government intends to introduce new penalties for women who choose not…
China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.
The first transaction involving digital financial assets denominated in foreign fiat was completed by a licensed firm in Russia. In…
Prior to Russia Sanctions, OPEC+ Maintains Oil Production Cuts.
23 oil-producing countries that make up OPEC and non-OPEC producers have agreed to maintain their current policy of reducing oil…