July 2016 CPI expected to rise to 17.20%

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In this week’s edition of Economic & Financial Markets Review, the views below are our areas of consideration. (To view the full report, click on this link-  ‘Economic & Financial Markets Review’.)

Global Economy Review:
China: The Chinese economy reported a US$52.31 billion trade surplus in July 2016, representing a 24.9% growth over the figure reported in comparable period of 2015, beating market estimates…

The Euro-Area:  The Euro-area economy expanded by 0.3% in Q2 2016, cooling from a 0.6% growth in the previous period but in line with market expectations. Preliminary estimates show that it is the lowest growth…

The UK: The Bank of England’s Monetary Policy Committee (MPC) launched a huge new stimulus package on August 4th in order to mitigate the damage of the Brexit vote on the UK economy…

Nigerian Economy:
The National Bureau of Statistics (NBS) is expected to release the July 2016 inflation figure (year-on-year) by the end of this week. In the meantime, the below summaries are the challenges faced by the economy which would…

Foreign Exchange: In the review period, activities narrowed in the interbank market with the Central Bank playing the role of sole-supplier of dollars to the market. Though, the size of CBN’s intervention dropped by about 80%, a total of…

Bond Market: The fixed income traded predominantly in the mixed zone last week as buoyant system liquidity at the beginning of the week enhanced buying activities across mid to longer tenors. Higher yields in the T-bills and…

Equity Market Outlook: Week ending August 12th, 2016

The Q2 earnings reported so far have been mixed. Most have been hampered by the foreign exchange challenges. As such, we will likely witness a mixed movement once again…

To view the full report, click on this link-  ‘Economic & Financial Markets Review’.

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