S&P 500 in superlative outing as stocks gain

August 31, 2020

The S&P 500 hovered near record highs on Monday as bets on an economic revival due to prolonged central bank support put the index on course for its best August in decades. The Federal Reserve’s commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for COVID-19 and a momentum-driven […]

U.S.-China phone call pushes European shares up

August 25, 2020

European shares moved up by some notches on Tuesday, with market sentiment propped up by the United States and China saying they are still committed to their phase one trade deal and some increased optimism around COVID-19 vaccine development. After the STOXX 600 saw its biggest daily gain in almost two weeks on Monday, the […]

Wall Street advances on signs of economic rebound

June 2, 2020

Dow futures drops over 200 points downtrend as coronavirus cases jump

U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery. Cyclical stocks like financials and industrials gave the biggest lift to the S&P 500 and the Dow, while tech shares boosted the Nasdaq. “There is […]

S&P 500, Dow open higher as Boeing resumes 737 MAX production

May 28, 2020

S&P 500, Dow open higher as Boeing resumes 737 MAX production

The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge. The Dow Jones Industrial Average rose 149.09 points, or 0.58%, at the open to 25,697.36, and the […]

NSE lists FBNQuest Merchant Bank’s N5bn bond

May 18, 2020

Equities reverse gain as investors lose N370bn

By Omobayo Azeez The Nigerian Stock Exchange (NSE) has successfully listed the N5 billion three-year bond of FBNQuest Merchant Bank on the domestic bourse. This was in fulfilment of its promise to continue to provide stakeholders with access to capital even in the face of the COVID-19 pandemic. The Exchange further amplified this through the listing of the N5 billion […]

Equities bullish on IMF fund, cheap asset prices, easing lockdown

May 12, 2020

Investors lose N50bn as stocks suffer decline

As investors close week with N534bn profit Bulls dominate global By Omobayo Azeez As against the negative indication of being positive of the Coronavirus pandemic, the Nigerian equity market closed activities on a positive note last week as investors recouped total profit of N534 billion. Analysts in the capital market remarked that the development was […]

S&P 500 edges higher as tech, healthcare shares shine

May 11, 2020

S&P 500 edges higher as tech, healthcare shares shine

The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus cases as several countries ease lockdowns. The tech-heavy Nasdaq was headed for its sixth straight day of gains, while the Dow Jones index slipped about 0.2%. Technology and healthcare, […]

Global stock markets lose $18tn to pandemic, says report

May 11, 2020

Over $18 trillion has been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy. In the first quarter 2020 and the full-year 2019 market financial report just released by the World Federation of Exchanges (WFE), […]