Money Monday

Ranora Daily - Your daily source for reliable market analysis and news.

Data

Local

Global

*Data as of 4pm WAT

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News

Local

• Kerosene price rises 6.29% to N1,439.64/ltr

• Consumers fault Discos as meter price hits N147,000

• Abbey Mortgage Bank grows profit by 15%

• MPC: Stock investors maintain cautious stance, lose N290bn

• Naira depreciates to N1,520/$ in parallel market

• 378MW Imo power plant nears completion, says FG

• Coastal highway will boost 30 million businesses — Tinubu

Global

• ECB has significant room for rate cuts

• Brazil's Gol airline says bankruptcy exit to involve $1.5 billion capital injection

• Ghana to Hold Rates as Cedi Dive Keeps Inflation High

• Gold price gains, but set for first weekly fall in three

• Oil edges higher ahead of inflation data after downbeat week

• The Fed probably won’t be delivering any interest rate cuts this summer

• Dollar firm ahead of global inflation data

• Asia markets gain at the start of data-heavy week as China industrial profits rise

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Events

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Investment Tip of The Day

Keep an eye on emerging markets. While developed markets often attract significant attention, emerging markets can offer unique opportunities for growth. Look for countries with strong economic fundamentals, improving infrastructure, and favorable demographic trends. Consider investing in diversified emerging market funds or individual companies with exposure to these regions. However, be mindful of risks such as currency fluctuations, political instability, and regulatory challenges inherent in emerging markets. Conduct thorough research and consider consulting with a financial advisor to identify potential investment opportunities that align with your risk tolerance and investment objectives.

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Disclaimer: The information contained in this report is intended for informational purposes only and should not be considered as investment advice. The information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.

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