Senior Research Analyst at FXTM
Who
would have thought that nearly six months after the coronavirus menace
paralysed the global economy and battered financial markets, world stocks would
push higher with some major indexes hitting record highs!
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
It has been another
phenomenal trading week for global markets with US equity bulls stealing the
show by propelling the S&P 500
to all-time highs on Wednesday. Start
#export #business. Click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html The
tech-heavy Nasdaq joined the party
overnight, making a record despite growing signs of economic weakness. Shares
in Asia rebounded during early trade while European equities pushed higher
thanks to the tech-inspired highs on Wall Street.
However, some emerging
markets were not invited to the party with the Nigerian stocks struggling for
direction this week. You
can own a #land @ #Ajah #Lagos. Click: http://www.tectono-business.com/2020/02/urban-prime-two-estate.html The Nigeria Stock Exchange All Share Index (ASI) is still down
almost 6% year-to-date despite the S&P 500 and Nasdaq both hitting record
highs. Although global equity bulls continue to derive strength from
unprecedented central bank support and handsome fiscal packages, this liquidity
fueled rally has been unable to find its way into Nigerian markets.
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
Sentiment towards the
largest economy in Africa remains fragile thanks to Dollar scarcity, shaky oil
prices and external risks in the form of US-China tensions. Nigeria is still
expected to contract by 5.4% according to the International Monetary Fund (IMF) thanks to COVID-19, while
inflation continues to rise on the back of continued border closures and the
lingering effects of coronavirus-induced supply disruptions. Buy into #Ibeju #Lekki plots of
#land. Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html It is the same story
outside of Nigeria with other emerging markets and developed countries nursing
deep wounds from lockdown restrictions. At best, the outlook for the rest of
2020 remains clouded by uncertainty.
Investors may be offered
some clarity over how Nigeria fared in Q2 when Gross Domestic Figures are
released on Wednesday 26th of August. Start
#export #business. Click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html With
economic growth in the United States plunging 32.9% in Q2, the UK contracting
20.4% and even South Africa growth projected to tanks as much as 40% last
quarter, it will be interesting to see how Nigeria performed. An economic
contraction is widely expected, the question is how deep?
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