The Nigerian Naira has continued to depreciate against major currencies, with the exchange rate for a dollar reaching N950 at the Lagos Parallel Market on Friday, September 15, 2023. The Naira also saw depreciation against the British Pound and the Euro, going from N1190/£1 to N1210/£1 and from N995/€1 to N1020/€1 respectively. This comes amid […]
The U.S. dollar was just below a six-month high in early European trading on Friday, having strengthened overnight following U.S. economic data, while the yuan got a boost from better-than-expected Chinese data. Markets were adjusting to a new outlook for central bank rate hikes after the European Central Bank on Thursday raised rates to a […]
European stock markets traded higher Friday, boosted by better-than-expected Chinese economic data as well as optimism that the European Central Bank may be close to peak interest rates. At 03:35 ET (07:35 GMT), the DAX index in Germany traded 1% higher, the CAC 40 in France climbed 0.7% and the FTSE 100 in the U.K. rose 1.3%. Chinese data boosts sentiment […]
European stock markets are expected to open slightly higher Friday, as investors digest German inflation data at the end of a largely negative week. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.4% higher, CAC 40 futures in France climbed 0.3% and the FTSE 100 futures contract in the U.K. rose 0.2%. These major cash indices are […]
Investors poured money into equities and bonds in the latest week, Bank of America Global Research said on Friday, but signs emerged the hype around artificial intelligence is fading as investors sold tech stocks for the first time in 11 weeks. Equity funds saw $2.2 billion of inflows in the week to September 6, BofA […]
Japan’s top currency diplomat Masato Kanda said on Wednesday that authorities won’t rule out any option to clamp down on “speculative” currency moves, in a warning against a sell-off in the yen. “Looking at underlying moves, speculative action or activity that cannot be explained by fundamentals can be observed,” Kanda said. Tokyo’s top spokesperson Hirokazu […]
