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
July 20
US Sets 25% Duty on Some Brazilian Imports Starting July 22 - BLOOMBERG
July 20
Dollar drifts as US-Iran conflict intensifies; sterling inches higher - REUTERS
July 20
US-Iran war pushes oil prices above $90, US gasoline above $4 per gallon again - YAHOO FINANCE
July 20
Oil-Service Companies Set to Reveal War’s Impact on Earnings - BLOOMBERG
July 20
Korea Raises Rates for First Time Since 2023 on Chip-Led Boom - BLOOMBERG
July 20
Hedge Funds Amass Biggest New Zealand Dollar Net Short Since 2006 - BLOOMBERG
July 20
US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks -AP
July 20
Gold Falls as US-Iran Hostilities Keep Rate Hike Bets on Table - BLOOMBERG
July 20
Analyst forecasts MPC to hold rate at 26.50% - PUNCH
July 20
Businesses expect CBN to hold rates as MPC meets today - PUNCH
July 20
New CBN capital rules may trigger N972bn equity scramble – Report - PUNCH
July 20
Euromoney names Chapel Hill Denham Nigeria’s top investment bank - PUNCH
July 20
Nigeria’s reserves hit $52bn, inflation drops to 15.9% - PUNCH
July 20
Finance minister charts course for $1tn economy - PUNCH
July 20
Nigeria’s Petrol Import Rises 207% to 543m Litres in One Month, Puts Pressure on Nair... (read more)
July 20
Petrol, Policy: The Price Nigerians Pay Twice - LEADERSHIP
July 20
Parallel Market Loses Grip On Naira As CBN Reforms Gain Traction - INDEPENDENT
July 17
CBN unveils centralised system to track BDC transactions - PUNCH
July 17
Marketers demand revival of refineries amidst Dangote’s dollar sales - DAILY TRUST
July 17
Rising petrol prices tighten margins for fuel importers - PUNCH
July 17
Tinubu unveils $3.05bn W’Bank-funded anti-poverty programmes - PUNCH
July 17
EA Boss Warns Global Economy in Peril If Hormuz Crisis Persists - BLOOMBERG
July 17
Naira cools as Dangote’s dollar-based fuel sales lift FX demand - BUSINESSDAY
July 17
Nigerian Naira extends appreciation - DAILY POST
July 17
Naira now N1,422/$ in parallel market - VANGUARD
July 17
CBN issues fresh guidelines for BDCs on FX purchases, announces portal - DAILY POST
July 16
UK sanctions gold and finance networks over Sudan war - RETUERS
July 16
Nigeria to track poverty, incomes as government seeks proof reforms are working - REUTERS
July 16
Nigeria’s pension assets skyrocket by 51% to hit a massive $22.8 billion - BUSINESS INSIDER
July 15
Naira depreciates, trades at N1,383.0755 at official FX market - NIGERIAN TRIBUNE




