Trading Tuesday

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

• Expert forecasts $288.8m growth in Nigeria’s data centre market

• $1.8bn fuel stolen from refineries in nine years — NEITI

• Dangote Group targets $30bn revenue to strengthen naira

• Port Harcourt Refinery To Kick Off Early August — NNPCL

• Nigeria To Export Petroleum Products By December, Says NNPCL

• Nigerians Can Now Obtain UAE Visas — Minister

Global

• Trump steps into Republican convention spotlight after assassination attempt

• French government set to resign but stay on for now in caretaker role

• Dow rally drives Wall St higher as rate-cut hopes stay strong

• Japan keeps up yen warnings; 6 trillion yen, 2-day intervention suspected

• Oil prices edge down on worries about Chinese demand

• Gold scales all-time high as Fed rate-cut hopes increase demand

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Events

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Investment Tip of The Day

Consider investing in defensive stocks, which are companies that provide essential goods and services such as utilities, healthcare, and consumer staples. These stocks tend to perform well regardless of economic cycles, offering stability and steady returns even during market downturns.

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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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