MARKET NEWS
ECB would welcome a weaker euro - REUTERS
LONDON, Dec 6 (Reuters) - The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate - and may be far more wary of the opposite at just the wrong time.
The euro is likely still too strong for the sort of subdued growth and outsize trade risks the zone faces next year and, far from being a brake on more monetary easing, its depreciation may well be encouraged. And it could argue for at least one deeper half-percentage-point interest rate cut at upcoming meetings.
MARKET NEWS
April 28
Wells Fargo sees Canada slipping into recession as tariffs weigh on growth - INVESTING.COM
April 28
African diplomats urge UK government to back bill to speed up debt restructurings - THE GUARDIAN
April 28
America is dangerously close to the worst kind of recession - BUSINESS INSIDER
April 28
Low Disposable Income, High Interest Loans Cripple MSMEs In Q1 - LEADERSHIP
April 28
Gold price dips as US-China trade tensions ease - YAHOO FINANCE
April 28
Oil Slumps as Traders Await Next Moves in China, Economic Data - BLOOMBERG
April 28
FX crisis slows Nigeria’s data centre investments - PUNCH
April 28
Analysis-Unexpected euro surge adds to Europe Inc's tariff misery - REUTERS
April 28
Edun: Nigeria’s Reforms Hailed Globally, Next Target is 7% Growth - THISDAY
April 28
Operational Efficiency: Banks’ Average Cost-to-Income Ratio Steady at 46.56% - THISDAY
April 28
Rupee ticks up, volatility expectations climb to two-year peak - REUTERS
April 28
Edun, Cardoso: Tinubu’s Reforms Have Restored Investors’ Confidence, Stabilised FX Ma... (read more)
April 28
Sterling moves towards strongest monthly gain since late 2023 - REUTERS
April 28
NGX gains N966bn in holiday-shortened week - PUNCH
April 28
Nigeria’s economic trajectory turning positive, says Cardoso - BUSINESSDAY
April 28
Oil prices stable amid economic uncertainty, OPEC+ supply fears - REUTERS
April 28
US report calls out Nigeria’s trade barriers, port corruption - PUNCH
April 28
Dollar steadies ahead of a string of macro litmus tests - REUTERS
April 28
Demand from energy importers expected to weigh on Ugandan shilling - REUTERS
April 28
Nigeria’s debt servicing costs rise to N8.9tn – Report - PUNCH
April 28
Foreign investors drive stock market to record N2.23tr turnover in three months - THE NATION
April 28
Foreign investors dumped $63B in U.S. equities, Goldman says - BLOOMBERG
April 28
Charting the global economy: U.S. dollar slide evocative of Nixon - BLOOMBERG
April 28
Restoring confidence in Nigeria’s economy via policy reforms - THE GUARDIAN
April 28
Coconuts get pricier as poor weather drives global shortage - BLOOMBERG
April 28
Global economy recession risks surge on US tariff shockwaves - Reuters poll
April 28
Edun, Cardoso say Nigeria’s reforms gaining global traction - THISDAY
April 28
No cash above $10,000 must leave Nigeria without declaration – EFCC - THE GUARDIAN
April 28
NACCIMA: How Nigeria can prevent World Bank’s poverty growth forecast - THE CABLE
April 28
Naira strengthens 0.14% against Dollar after week of fluctuations - NAN