Extra-smart
Nigerians are getting shares of the new Lagos by acquiring plots, acres and
hectares of land at Ibeju Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html
The
mood across financial markets is quite encouraging and this positive vibe
should support global stocks and emerging markets in the week ahead. However,
questions should be raised over the return in risk sentiment given how US-China
trade tensions have made an unwelcome return. Concerns remain elevated over
slowing global growth despite countries easing lockdown measures while fears
mount around a second wave of coronavirus infections.
In
Nigeria, the All-Share Index (ASI) also rose by 0.29% to close at 23,941.75
points on Monday and could mirror similar gains on Tuesday amid the positive
vibe. While global equity bulls may be in the driving seat for now, bears are
lurking in the corner waiting for another opportunity to pounce.
Have
you heard that Landwey is giving out plots of land at URBAN PRIME TWO ESTATE at
Abraham Adesanya Roundabout, Ajah, Lagos? You can get yours by clicking: http://www.tectono-business.com/2020/02/urban-prime-two-estate.html
Nigeria Inflation
in focus but major risk event remains GDP report
Repeated
signs of rising inflationary pressures in Nigeria have squashed hopes over the Central Bank of Nigeria (CBN) cutting
interest rates to stimulate economic growth.
The
annual inflation rate in Africa’s largest economy rose for the seventh straight
month to 12.26% in March amid border closures and the new VAT tax rate. Given
the Naira’s weakness over the past few weeks amid severely depressed oil
prices, inflation is forecast to hit 12.9% in April. Such a figure may place
the CBN in a tight spot, especially if first quarter GDP figures scheduled for
release next week confirm that Nigeria experienced an economic contraction last
quarter.
Wow!!!
Have you discovered where CEOs and top managers take their vehicles to for body
work, painting with Sikkens paint and oven baking? It’s GOF AUTOS LTD. For
details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
King Dollar to
maintain grip on iron throne
The
mighty Dollar should reign supreme this week despite the semblance of stability
enveloping financial markets.
Although
investors are clearly hopeful over economies re-opening after an extended lockdown
period, global macroeconomic conditions remain depressing while renewed trade
tensions are bound to hit sentiment. As risk aversion makes a return and market
players rush towards safety, one of the first destinations is likely to be the
Dollar.
Are you aware that many
Nigerian exporters have been defrauded in the process of exporting their
products? To export successfully and get paid, click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Another day, same
old story for Pound
The
path ahead for the British Pound is filled with many obstacles and dead ends as
fears over a no-deal Brexit return to the scene.
One
can’t help but feel a familiar sense of déjà vu as the UK government prepares
for its final round of talks scheduled in June to try and avert a no-deal
Brexit outcome. To rub salt into the
wound, economic data from the United Kingdom remains discouraging with the
number of people claiming unemployment benefits soaring to 2.097 million in
April.
Do you know that
you will minimize the amount of money you spend on food items when we deliver
the foods items to you in bulk at reduced price from our farms? For details,
click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html
With
the fundamentals not in favour of the Pound, it may be only a matter of time
till the technical paint a similar picture. The GBPUSD is under pressure on the
daily charts and may trend lower if prices break below 1.2200. Sustained
weakness below this level could open the doors towards 1.2000.
Euro eyes 1.10
but upside capped by fundamentals
Where
the Euro concludes this week will be heavily influenced by the pending
Purchasing Managers Index data scheduled for release over the coming days.
Successful
business managers like you have gotten big deals from sponsoring business
publications on GLOBAL BUSINESS CLINIC? For details, click: http://www.tectono-business.com/2019/05/sponsor-business-publication-on-global.html
A
disappointing set of economic data may put an end to the current rally with
1.1000 acting as a ceiling. Looking at the technical picture, the EURUSD
remains a wide range on the daily charts with support at 1.0770 and resistance
1.1000. Expect the currency pair to find comfort within these levels until a
decisive breakout is achieved.
Commodity
spotlight – Gold
Gold
should remain in fashion despite stock markets rising and economies easing
lockdown measures. The precious metal remains supported by global growth fears,
lower interest rates across the globe and fears around a second wave of
coronavirus outbreak. Gold is trading at levels not seen in more than 7 years
above $1430 and has gained over 14% year-to-date. A solid daily close above
$1430 may pave the way back towards $1765 and $1770. Alternatively, sustained
weakness below $1720 could open the doors back towards $1700.
No comments:
Post a Comment