The
inflation figures for April, scheduled for release on Thursday, could shape
expectations over when the Central Bank of Nigeria will cut interest rates this
year. Any signs of easing inflationary pressures may heighten speculation of a
CBN rate cut in the third or fourth quarter of 2018.
Trade resolution
A
month after the U.S. Commerce Department banned one of China's biggest tech
companies, ZTE, from exporting U.S. products, President Trump announced his
willingness to help the company get back in business. This unusual intervention
by the U.S. President comes amid tense talks with China on trade deal
renegotiations. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
With Chinese Vice Premier, Liu He,
expected to visit Washington this week to resume talks, it seems Trump’s move
is a good starting point and likely to be welcomed by markets. Many
policymakers will criticize such a reversal, but from an investor’s
perspective, it’s a sign of easing relations between the world’s two largest
economies and should support risk-taking.
U.S. dollar
strength
The
surge in U.S. yields and USD strength has proved to be problematic for emerging
markets over the past several weeks. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The higher U.S. yields go, the more outflows are expected to be seen from
emerging markets. As of Monday morning, the dollar index DXY appears to be
showing signs of weakness, declining from 92.55 to 92.38. Currency traders
should also keep an eye on the U.S. 10-year treasury yields, as failing to
break above 3% may suggest a short-term top.
A
significant break above the 3% benchmark requires faster tightening
expectations from the Federal Reserve; for this to happen, the economy must
show signs of over-heating. However, we are not there yet; U.S. April retail
sales figures, scheduled for release on Tuesday, are the key economic data
release to watch this week. Markets expect a 0.4% increase in April, from 0.6%
in the previous month.
Did oil find a
top?
Brent
crude hit a new three-and-a-half year high on Thursday, reaching $78 after the
U.S ’s withdrawal from the Iranian nuclear deal. The 26% surge from February
lows was far from expected, but the record demand from Asia, fears of supply
disruption, and more importantly, the risk of war between Iran and Israel, led
traders to buy call options at $100. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Given that the risk of a direct confrontation between Iran and Israel has
abated, markets will turn their focus to fundamentals and a $100 target will
likely be unrealistic. While demand has been strong enough and OPEC and Russia
are exceeding expectations on supply cuts, prices are likely to remain
elevated. Meanwhile, soaring U.S. shale output will continue to put a cap on
prices. However, the most significant downside risk is President Trump
intervening in oil markets by pressuring OPEC members to increase output.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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