Asian shares struggled on Thursday after a lacklustre performance on Wall Street as investors looked to U. S. economic data later in the day for potential catalysts, as markets wind down ahead of the holidays. The subdued mood was expected to carry over into European trading. Britain’s FTSE 100 index could edge down 0.1-0.2 percent, … Read more
Current developments on the Ghana Stock Exchange (GSE) show the local bourse will record poor performance for the second consecutive year. This is the assertion of managers of the market. “On the back of performances of these listed companies that have been subdued in recent times as well as the in the difficult macroeconomic environment, … Read more
Investors resumed the post-U. S. election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan’s 10-year bond yield hitting its highest since February. The dollar was in demand again too, rising to a one year-high against a basket of currencies as the euro hit … Read more
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U. S. dollar showed extensive strength. The most active gold contract for December delivery fell 2.6 U. S. dollars, or 0.21 percent, to settle at 1,221.70 dollars per ounce. The U. S. dollar rose unexpectedly sharply on Monday, … Read more
The Public Interest and Accountability Committee (PIAC) has joined a long list of advocates that have urged government to seriously consider restoring its hedging programme in order to cushion the country against the impact of oil price shocks on the state’s purse. The advice of a Committee established by an Act of Parliament to provide … Read more
U. S. stock futures are dropping as traders consider a future with Trump in the White House. The Dow Jones industrial average, S&P 500 and Nasdaq are all down by roughly 2% to 3% ahead of the open. Losses were more dramatic earlier in the night with Dow futures plunging more than 900 points. Dow … Read more
UK stocks have followed falls in Asian and European markets after Donald Trump won the US election. The FTSE 100 index was down about 0.5% to 6,812 in the first hour, although that was less steep than expected. Other major European stock markets are also lower, with money flowing into safe haven stocks, gold and … Read more
Cocoa futures plunged over 4% on the news that Côte d’Ivoire may cancel, and then remarket 200,000-250,000 tonnes of exports – threatening a round of fresh selling pressure. Early on Friday, the news hit the market that exporters will have six days to furnish documentation for export contracts, including proof of a counterparty, or their … Read more
The Producer Price Inflation (PPI) rose to 10.3 per cent year-on-year in July 2016 from the 7.6 per cent recorded in the previous month. According to the Ghana Statistical service, the 2.7 per cent increase in the month’s producer inflation was fueled by activities in the mining and quarrying sub-sector as a result of hikes … Read more