MTN is Listing its Shares on the Nigerian Stock Exchange
Telecoms giant, MTN, now says it will be listing its shares on the Nigerian Stock Exchange this Thursday. The company broke the news in a press release it put out to the public on Wednesday. The listing means that shares in the Nigerian subsidiary of the South African company will be traded on the floor […]
Market Update: Rumours Trigger Confusion in the Market
The US dollar started the week on a positive note with strength across the board. However, the market demonstrated a degree of surprise and confusion when rumours began to spread that Federal Reserve Chairman Ben Bernanke might not trim the stimulus in September as expected. On Wednesday, Bernanke confirmed these rumours reiterating his previous statements […]
MARKET UPDATE: US Economy Optimism Boosts USD
The US dollar has been strengthening across most of the majors as optimism has flooded the market amidst growing speculation that the US Federal Reserve will trim the stimulus back as early as September this year. The market will be closely watching for further policy indications when Fed Chairman Ben Bernanke speaks on Wednesday, the […]
FXTM Market Update
Federal Reserve Chairman, Ben Bernanke, yesterday announced that he is waiting for unemployment levels to drop to 6.5% before he will consider cutting the financial stimulus to the US economy. He said the economy is improving, but he is still not satisfied with the high unemployment rate of 7.6%. With Bernanke stepping down as Chairman […]
Forex Time Market Update
This week is an interesting time for currency and commodity traders with volatility expected in the markets due to several influential economic news announcements. The primary focus is on the US economy and whether it is truly strengthening. Employment data announcements this week are expected to have a critical impact on Federal Reserve President Ben […]