Trading Tuesday

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

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Market Overview

Local News

• Forbearance exposure: CBN directs banks to submit capital restoration plans - Punch

• N4tn subsidy savings channeled to infrastructure – Tinubu - Punch

• Stocks Diverge As US Tariff Deadline Looms - Channels

• Nigeria’s Upstream Oil Sector Delivers 77% Domestic Gas Obligation Amid Infrastructure Gap - Thisday

• Firm Launches $5bn Cooperative Trust Fund to Boost Long-term Investment in Agriculture - Thisday

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Global News

• Trump says he will impose 50% tariff on copper imports - CNBC

• S&P 500 struggles for a second day as Trump says no extensions will be granted to Aug. 1 trade deadline: Live updates- CNBC

• Bank of America Lifts S&P 500 Target on Corporate America’s Resilience- Bloomberg

• Brazil aims to triple trade flows with India, Lula says - Reuters

• Hong Kong shares of Chinese banks surge amid hunt for yield - Financial Times

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Indices, Commodities & Currencies

Fixed Income (USA & FGN Bonds)

Nigeria Sectoral Indices Performance

Events

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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.