08 November 2018 : The Federal Open Market Committee of the U.S. Federal Reserve is expected to hold interest rates at this month’s meeting scheduled to conclude today, while maintaining the hawkish language from recent meetings. The Fed has raised rates three times—by 25bps each time— already this year and has signaled one more rate rise in December, followed by two more by mid-2019. A rise in weekly wage of 3.3% annualized in Q3’18 and a booming economy (Q3’18 GDP growth of 3.5% annualized) have buoyed the Fed in its monetary tightening efforts. The effect of this has been an increased in U.S. bond yields, with the 10-year bond peaking at 3.23% in September. Rising interest rates would push up the cost of external borrowing for Nigeria, a significant outcome given the recently approved $2.8 billion external borrowing plan and continue driving capital outflows out of emerging markets.
Reporting for EasyKobo on Thursday , 08 November 2018 in Lagos, Nigeria
Source: Vetiva Capital Management Limited
Top Stocks creating buzz on easykobo
Finance message boards
BullishAIICO INSURANCE PLC.PRESTIGE ASSURANCE PLC.NESTLE NIGERIA PLC
BearishAFROMEDIA PLCLAFARGE AFRICA PLCFLOUR MILLS NIGERIA PLC
Frequently Asked Questions (FAQ)
WELCOME TO EASYKOBO!
EasyKobo.com was created in the middle of the financial crisis that devastated the Nigerian capital
markets in the past 3 years. We saw people losing most of their money invested in company stocks.
Easykobo was created to provide a fresh approach to investing in the Nigeria capital markets where
accurate and up to date information is freely made available to investors so they do not blindly
invest in companies and lose their money.
Copyright © 2015-2016 EasyKobo.com by Naija infotech & solar energy ltd. All rights reserved.