Money Monday
Ranora Daily - Your daily source for reliable market analysis and news.
Market Data
Local
Global
x*Data as of 4pm WAT
Market News
Local
Banking system liquidity declines to N300.68bn in August - Business Day
Nigeria's banking sector liquidity dropped in August due to CRR debits and bill auctions, but remains resilient within regulatory thresholds. Open Market Operations and NTBs saw increased activity, while FGN Bond subscriptions declined due to tighter liquidity. The CBN assures the public of the sector's stability despite media reports of stress test failures.
Global
US Steel to be acquired by Japan’s Nippon Steel - Yahoo Finance
Japan's Nippon Steel is acquiring US Steel for $15 billion, solidifying its global footprint and boosting production capacity. US Steel will retain its name and HQ, while commitments to employees and decarbonization goals are upheld. Both companies see the deal benefiting customers and the US steel industry.
The Week Ahead:
Monday:
Tuesday:
Wednesday:
CPI y/y (UK)
CB Consumer Confidence (US)
Thursday:
Final GDP q/q (US)
Unemployment Claims (US)
Friday:
Retail Sales m/m (UK)
Core PCE Price Index m/m (US)
Revised UoM Consumer Sentiment (US)
Investment Tip of The Day
Stay Informed About Regulatory Capture: Be aware of regulatory capture, where regulatory agencies may be influenced by the industries they oversee. This can impact the effectiveness of regulations and affect investments.
Service Spotlight of the week - Advisory Services
Meme of the Day
