Category: Monthly Market Report

Global Macroeconomic Review United States: In February, consumer prices in the United States surpassed expectations, rising to 3.20% year-on-year (Est. 3.10%) from 3.10% in January 2024. Core CPI, which excludes…

Global Macroeconomic Review The common conversation among major economies in February was geared towards interest rate cut and relatively steady consumer prices. However, economic performance have so far been mixed…

Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision…

Global Macroeconomic Review The global market witnessed some optimism in November, as the MSCI All Country World Index appreciated by 9.07% after three consecutive months of decline. Precisely, the S&P…

Global Macroeconomic Review In the latest World Economic Outlook, the International Monetary Fund (IMF) expects the global economy to grow at a slower pace due to the impact of the…

Global Macroeconomic Review Among major headlines, the global crude oil market was at the spotlight for the most part of September. The OPEC+ giants, Saudi Arabia and Russia, announced voluntary…

Global Macroeconomic Review The global financial landscape in August was marked by significant developments and challenges. At the outset of the month, USD-dominated assets experienced a downturn due to Fitch…

So far, the Fed has raised policy rate by a cumulative of over 500bps since early 2022...

Global Macroeconomic Review In the early period of June, the World Bank revised global GDP growth rate for 2023 from 1.7% predicted in January, to 2.10%. The World Bank expects…

Macroeconomic Review Nigeria’s Inflation-Reflecting the known reality Nigeria’s inflation for March 2023 rose to 22.04% Y-o-Y (Est. +21.80%), an increase of c.0.13% from 21.91% Y-o-Y recorded in February 2023. Moreso,…