Wealth Wednesday

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

• Labour threatens 30-day strike, alleges plan to decentralise talks

• IMF Slashes Nigeria’s Economic Growth Forecast To 3.1%

• FG, States, LGs Share ₦1.35trn In June 2024

• Tinubu writes National Assembly, requests N6.2trn addition to 2024 budget

• Access Bank Raises N442 Billion Capital through Syndicated Tier II Facility

Global

• Fed getting 'closer' to rate cuts, top officials say

• Yen jumps on possible intervention, sterling hits one-year high

• Chip stocks tumble on fears of tighter China curbs, Trump's Taiwan comments

• UK inflation pressures stay hot, reducing chance of August rate cut

• Oil prices gain 1% on big US storage withdrawal, weaker US dollar

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Events

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Investment Tip of The Day

Diversifying your portfolio by investing in international stocks can help mitigate risk and capitalize on growth opportunities outside your home market. Different countries and regions have varying economic cycles, and by including global investments, you can reduce the impact of localized economic downturns. Additionally, international stocks may offer exposure to emerging markets with higher growth potential.

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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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