The Closing Bell- US Dollar Resurgence On The Day Weighs Down on Commodities
The greenback made it's presence felt in the session on Thursday as gold, silver, oil and copper all closed lower.
$GOOG Gains 4% As Search Enters New Era With Conversational Features
The search giant unveiled a litany of features including conversational features to its search engine, as well as an English version of Bard, it's AI Chatbot
The Closing Bell- CPI Looms, DXY Rallies As Investors Price In A Drop In Inflation
The CPI release is due out on Wednesday with the consensus expecting a 0.1% improvement in the Core CPI number
The Closing Bell- Oil Rallies on Canadian Output Cuts as $VIX and $DXY Stay Flat
From wild fires in Canada to upticks in Chinese demand, oil took center stage in today's trading session as it gained over 2%.
Weekly Risk Gauge- Equities, Bank Stocks And Commodities Under Risk Off Pressure
The closes from last week put the risk on asset classes under pressure, but the volatility index has extended an olive branch for equity bulls.
Dangote to inaugurate Refinery, petrochemical company May 22
The multi-billion-dollar Dangote Refinery and Petrochemical company will be inaugurated in Lagos on May 22. Group Chief Branding and Communications Officer, Dangote Industries Ltd., Mr Anthony Chiejina disclosed this on Sunday in Lagos.…
The Closing Bell- US Black Unemployment Hits Record Lows, Equities Regain Ground
US unemployment among Black Americans dropped to record lows of 4.5% in April's non farm payroll and unemployment report.
The Closing Bell- iPhone Sales Uptick Gives $AAPL A Boost Amidst Volatility Spike
iPhone sales growth in emerging markets gave $AAPL a boost as it reported it's earning results today.
$TSLA Climbing Into Bear Territory In Spite Of Strong Internals.
$TSLA has not been left out of the recent upturn in stocks over the last 2 quarters, however there are still resistances overhead that could overturn all the gains made from late last year.
Gold Break Its All Time High Of $2075.19/Ounce To Set A New Record Of $2080.00
The precious metal briefly broke the high set during the pandemic in June 2020
The Closing Bell- Oil Down 12% On The Week As The Fed Hikes Rates By 25bps
Oil continued it's bearish trend and wiped out all gains made on the back of the OPEC supply cuts from last quarter.
The Closing Bell- Oil and US Regional Banks Journey South As Volatility Finally Stirs
With the FOMC looming tomorrow, recession fears are ramping up as investors digest the situation with US regional banks and the continuation of inflationary pressure on oil.
The Closing Bell- May Day Blues Hits First Republic Bank, Dollar Bulls Reemerge
First Republic Bank is the latest US bank to fail, in a market environment that still indicates that investor risk appetite remains healthy, despite the warning bells. Threats include extremely low volatility and a resurgent US Dollar
Weekly Risk Gauge- Oil Drills Lower, Tech Surges As Utilities and Staples Wane
Investors continue to maintain their bullish stance as they bid the US equity markets higher. However the US Dollar and the 'Fear' index are approaching extremes that could unravel some of the gains made by the bulls
Trade Of The Decade? European Stocks Look Overpriced As Huge Bond Spread Lurks
The actions of bond traders are pointing to an overpriced European stock market. The German curve has had consecutive down months in tandem with a multi-month rally in the German DAX40 and Stoxx600. This spread will eventually close.
Moni Unveils New Community-Powered Business Loans to Drive Growth for African SMEs
African SMEs now get new ways to attract investment for their growth needs. A Nigerian startup Moni, which has caused big waves in the financial world recently, now announced a new program offering business loans to local businesses to…
The Closing Bell-Volatility and Investment Grade Bonds Drop as Equities and BTC Rally
The 'Fear' Index dropped a further -9% today as Investment grade corporate debt also dropped. The big winners for the day were high yield corporate bonds and Equities
The Closing Bell- Commodities Stay Offered As $MSFT Gaps Up +7%
The decline in oil and copper prices continued into today's session, making this the second straight week of declines in the commodities markets.
The Closing Bell- $VIX Spikes 11% As $MSFT, $GOOG Drop Despite Strong Earnings
Volatility spiked as a risk off sentiment surgesd through the market. $MSFT and $GOOG closed lower despite strong earnings.
The Closing Bell- US Dollar Closes Lower As US 10Y Bond yield Differentials Slide
The dollar index could not catch a bid in today's trading, as the US 10Y yield took a hit versus the 10Y markets of the Majors.
Risk Gauge- Oil Craters -5.67% As Volatility Approaches Extreme Lows
As Volatility approaches oversold levels, investors will be keeping an eye on USD strength. Will a spike in the dollar index overturn weeks of gains in US Equities?
Budweiser faces serious backlash, boycott in America over transgender ad, lobbying
As part of a parent company at the center of one of the greatest PR disasters in recent history, Budweiser appears to be making effort to defuse the negative attention generated by Bud Light's Dylan Mulvaney ad collaboration by appeasing…
The Closing Bell- Volatility Scores Its First Win In 6 Days
The 'Fear' index scores its first winning day in over a week.
Why The Petroyuan Is Bad News For Americans
As the Chinese oil benchmark gets set for prime time, the US dollar hegemony has never been more threatened.
The Closing Bell- US Stocks Close Flat Amid Earnings Updates
The US equity markets were mostly range-bound during the trading session today, as investors digested the slew of earning reports released.
The Closing Bell- Bitcoin Claws Back 3% As Defensive Sectors Keep Gaining Ground
Risk on flows continue in the market but investors are also pilling into traditionally defensive sectors as US recession risks compound.
The Closing Bell- Dollar and Bank Stocks Climb as Oil and Volatility Recede
US Equities, barring the Nasdaq held their ground today despite a rampant Dollar.
Weekly Risk Gauge- Dollar Whales Rear Their Heads As Risk On Flows Spike
Investor risk appetite has continued to increase and the equity markets continue to reflect this with a fourth consecutive bullish week, in spite of a possible resurgence of US dollar strength.
Weekly Risk Gauge- US Dollar Weakness Dampens Risk Off Sentiment
Last week the market close hinted at a tilt towards a risk off scenario, barring the US Dollar Index and Real Estate Investment Trusts.
Buhari Administration Set To Break Debt Profile Record With $103bn Owed, The Highest In…
The outgoing administration of Muhamadu Buhari will break the record for leaving behind the largest debt profile in the entire history of Nigeria