German Economy Jumps To 0.1% Growth In Q2.
The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that…
Category: Market
Major Gulf Bourses Gain On Rising Oil Prices.
Major stock markets in the Gulf rose in early trade, in response to a surge in oil prices in the…
Rouble Steadies Near 60 Vs Dollar, Stocks Down.
The rouble eased but still traded near 60 against the dollar as it retained some support from month-end tax payments…
Global Growth Worries Keep FTSE 100 Lower For Third Day.
UK’s blue-chip stock index slipped on Wednesday after a slew of global data highlighted growing risks of a recession, with…
China To Forgive 23 Interest-Free Loans To 17 African Countries.
China has stated that it will forgive 23 interest-free loans to 17 African countries; and will also provide food assistance…
Saudi Says Oil Price Plunge Ignores Extremely Tight Global Crude Supply.
OPEC’s leading oil producer, Saudi Arabia, says the recent oil price decline is by poor futures market liquidity; and macro-economic…
Canada Inflation Eases To 7.6% In July, But Analysts Eye Oversized Rate Hike.
Canada’s inflation rate eased slightly in July, as lower gasoline prices outweighed fast-rising food prices; but economists said hot core…
After the Fed minutes, Asia’s Shares Decline But The Dollar Remains Stable.
Asian shares fell, tracking Wall Street’s losses as the U.S. Federal Reserve looked set to maintain its path of interest…
Oil Prices Turn More Volatile As Investors Exit The Market.
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the…
Skeptical On U.S. Stocks, Equity Hedge Funds Sit Out Market Rally.
Still uncertain on where U.S. Stocks are headed, equity hedge funds are sitting out the market rally; despite taking big…
By The End of 2022, The U.S. Claims That Roughly 20 Models Will Receive EV Credits.
The Biden administration said about 20 models will still qualify for electric vehicle tax credits; of up to $7,500 through the end…
Russian Stocks Rise As The Rouble Reaches A One-Week High Against The Euro.
The Russian rouble strengthened to a one-week high against the euro, boosted by upcoming tax payments; that usually boost demand…
Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny Mounts.
Chinese internet giant Tencent Holdings’ (0700. HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, as…
Inflation Creates Recession Anxiety, Lowering Investor Confidence In Germany.
German investor sentiment fell slightly in August on concerns the rising cost of living will hit private consumption, and suggesting…
Pandora Shares Fall On Disappointing U.S. Sales.
Jewellery maker Pandora (PNDORA. CO) reported disappointing second-quarter sales in the U.S. Market; prompting its shares to fall, but reaffirmed its annual…
Inflation Reduces Income While The UK’s Hot Labor Market Cools.
Britain’s super-hot labour market showed signs of cooling in official data published; as businesses became more cautious about hiring and…
Amid Concerns About A Recession, Stocks And Oil Prices Are Unsteady.
Stock markets struggled for direction as they grappled with worries over global growth; following weak Chinese and U.S. economic data…
Dangote Cement Shareholders Lose N409 Billion On Sell Pressure.
Negative sentiment witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange has resulted in shareholders of Dangote…
Thailand Hikes Rate For First Time Since 2018 To Tame Hot Inflation.
Thailand’s central bank raised its key interest rate for the first time in nearly four years; lifting it by a…
UK’s FTSE 100 Steady Ahead Of U.S. Inflation Data.
UK’s blue-chip FTSE 100 was steady on Wednesday as investors digested mixed earnings reports. While caution reigned in global markets…
European Shares Dip As U.S. Inflation Data Looms; Ahold Jumps.
European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States,…
Britain’s Truss backs powers to override financial watchdogs, says FT.
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they…
Italy To Approve $14.5 Billion Package Against Inflation.
Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros ($14.5 billion); to help shield…
Gains From MTN Nigeria, 18 Other Stocks Lift Market Activities To Bullish Stance.
Activities on the Nigerian Exchange Limited (NGX) returned to positive route following gains recorded by blue chip firms. Checks by…
China Raises Hope For Emerging Market Debt.
China’s commitment to restructure the $6 billion it is owed by Zambia is a good sign for Sri Lanka and others that…
Ether Overtakes Bitcoin In Options Market For The First Time Ever.
Ether, the native token of Ethereum’s blockchain, currently on the verge of switching its consensus mechanism; from a Proof-of-Work (PoW)…
NESTLE, MTN Drive SWOOTs Capitalization Down By N724 Billion.
The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 3.49% to close at N20.01 trillion; from…
FUGAZ Investors Lose N42.21 Billion.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 1.89%; to…
UK Inflation Expectations Fall Again As BoE Nears Rates Decision.
The British public’s expectations for inflation fell again in July, a survey showed, potentially adding to the case; for the…
US Slips Into Recession After GDP Contracts By 0.9% In Q2 2022.
The United States of America recorded a 0.9% contraction in its gross domestic product in the second quarter of 2022.…