Sterling Holds Gains Vs. Dollar After Risk-Led Rebound
Sterling edged lower against the dollar on Tuesday, but held most gains made against the greenback on the back of…
Category: Market
Goldman Sachs Raises Odds On U.S. Fed Taper Announcement In Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds…
S&P 500, Nasdaq Hit Record Highs On Recovery Optimism
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S.…
Stocks Making The Biggest Moves In The Premarket: Best Buy, Palo Alto Networks, Camping World And More
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the…
Best Buy Shares Rise On Earnings Beat, Retailer Says Consumers Are Upgrading Tech To Work At Home
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and equipment to support habits…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For Deployment
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital sector generated over N1…
SoftBank Makes First Africa Bet On OPay At $2 Billion Valuation
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking…
European Markets Edge Higher On Pfizer Vaccine Approval And Easing Taper Worries
European stocks edged higher on Tuesday as investors took heart from the U.S. Food and Drug Administration’s full approval of…
Brent Oil Jumps With Stocks After Worst Losing Streak Since 2018
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years.…
Forex Transactions At Investors, Exporters’ Window Fall 24.56%
Foreign exchange transactions at the Investors’ & Exporters window declined by 24.56 per cent last week, according to FMDQ Securities…
Declining Forex Reserves Stokes Naira Depreciation
The naira suffered its weakest performance in recent weeks at the weekend after Nigeria’s foreign exchange (forex) reserves recorded its…
Citigroup Says Short Treasuries But Hedge With Bet Against Yuan
China’s sagging growth outlook helped drive up the U.S. dollar, and fresh signs of deterioration are concerning those who had…
Private Equity Firms Circling Sainsbury’s With View To Launch Bids – Sunday Times
Private equity companies are circling British supermarket group Sainsbury’s (SBRY.L) with a view to possibly launching bids of more than 7 billion…
Wall Street Analysts Bet On Robinhood’s Potential To Add Users
Wall Street analysts on Monday took a largely upbeat view on Robinhood Markets Inc in their first ratings on the…
Gold Rises Above $1,800 As Dollar Dips On Doubts Fed Will Taper Soon
Gold vaulted over the key $1,800 psychological level on Monday as a retreat in the dollar pushed investors to bullion…
Bitcoin Price Rises Past $50,000, Rebound Slows
Bitcoin’s price surged past $50,000 on Monday for the first time since May, although its rebound from a months-long slump…
S&P 500, Nasdaq Scale New Peaks On Tech, Oil Boost
Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to…
Nigeria: External Reserves Lose Momentum After July Rally
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four…
Nigeria: Federal Government To Partner Stockbrokers For Double Digit Economic Growth
The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and…
Treasury Yields Start The Week Higher With Key Fed Policy Event In Focus
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve’s annual central banking event, due to…
European Markets Climb, Looking To Bounce Back From Worst Week Since February
The pan-European Stoxx 600 added 0.7% in early trade, with autos climbing 1.5% to lead gains as all sectors and major bourses…
Nvidia’s $40 Bln Deal For ARM Dealt Blow By UK Regulator
Nvidia Corp’s (NVDA.O) planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator…
Fed Chair Powell To Speak On ‘Economic Outlook’ Next Week
Federal Reserve Chair Jerome Powell will speak on “the economic outlook” at next week’s Jackson Hole, Wyoming symposium, the central…
30% Frontier Exploration Not From NNPC Profit… Energy Analyst Clarifies Five Misconceptions In PIA
The signing into law of the Petroleum Industry Bill (PIB) by President Muhammadu Buhari has continued to elicit different reactions from…
Oil Steadies But Set To Slump For The Week On Delta Anxiety
Oil prices came off three-month lows on Friday but were on track for a weekly decline of around 6% as new…
‘Lack Of Converted Gas Vehicles Might Undermine NGEP’
Without an active conversion industry for vehicles and other machinery, the core mandate of the Nigerian Gas Expansion Programme (NGEP)…
Oil Up, But Set For Weekly Decline As COVID-19 Continues To Restrict Fuel Demand
Oil was up Friday morning in Asia, climbing up from three-month lows. However, the black liquid was set for a weekly…
US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
EUR/USD rebounds and USD/JPY pivots lower. This follows the release of FOMC minutes just now, which seems to have disappointed Fed hawks. The…
Canadian Dollar Slumps To 6-Month Low As Risk Aversion Climbs
The Canadian dollar fell on Thursday for a fourth day against its broadly stronger U.S. counterpart, as investors worried that…
Hong Kong Bourse to Start Offering China A Share Index Futures
Hong Kong’s exchange was cleared to start offering long awaited A share index futures contracts, giving global investors a new…