West Africa Common Currency Goal
The West Africa common currency goal appears to be heading for the rocks! It is actually no news that member states of the Economic Community of West African States (ECOWAS) are planning towards...
Tag: Euro
West Africa’s Common Currency Campaign
Eight ECOWAS countries (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo) jointly use the CFA franc. Establishing a new currency would involve dissolving the...
Global Markets Split Amid Corporate Earnings
Wall Street and major European stocks ended in mixed territory on Monday amid a busy weak of US corporate earnings. Meanwhile, the dollar continued to weaken on receding expectations that the US...
European Stocks Slump On Higher Euro; Nasdaq Streak Ends
European stock markets ended the week down as the euro extended its gains on Friday after the European Central Bank said it would reassess its monetary policy stance in the autumn, fueling talk that...
Euro Gets Boost From ECB’s Draghi; Nasdaq Ekes Out Record
The euro rose Thursday after European Central Bank chief Mario Draghi's comments bolstered the single currency even as interest rates were kept low again. Draghi avoided details on when the ECB might...
Dollar Struggles In Asia As Hong Kong Gains For Eighth Day
The dollar's travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, while Hong Kong was the stand-out Asian equity market, rising for an...
Global Stocks Pressured By Trump Health Care Reform Setback
Global stock markets were pressured Tuesday by worries about President Donald Trump's agenda after a proposed health care reform measure collapsed in Congress, raising concerns about prospects for...
Asian Markets Rally With Wall St As Yellen Sparks Buying Spree
Asian markets surged on Thursday, extending a global rally that saw another record on Wall Street after the head of the Federal Reserve indicated it would take a gradual approach to raising US...
Mid-Year Company Earnings To Influence Investors’ Decision
Trading activity in terms of volumes on the stock market decreased by 63.25% in the week under review as volumes of shares traded scaled down by 2,029,759. Further, the total values of shares traded...
Solid Jobs Report Lifts US Stocks, Dollar
Wall Street stocks rallied and the dollar advanced Friday following a better-than-expected US jobs report for June, while equities elsewhere were mixed as a tense G20 summit got underway. The US...
Africa’s 15% Share of Global Trade Unacceptable – Rwanda Finance Minister
Rwanda’s Minister of Finance and Economic Planning Claver Gatete has said that though African trade has witnessed remarkable growth over the last two decades, its share of global trade remains at a...
US Dollar Rebounds While Global Stocks Post Gains
Rising oil prices and investor appetite for financial stocks helped boost most major US and European equities on Monday while the dollar rebounded on exchange markets ahead of the July 4 holiday in...
Global Stocks Pressured By Tough Central Banker Talk
US stocks finished mostly higher Friday, bucking the trend in most global equity markets as worries about tightening monetary policy pressured sentiment. The Dow and S&P 500 ended modestly higher,...
US, European Stocks Tumble; Euro Hits 13-Month High
US and European stocks tumbled Thursday amid unease over hawkish commentary from central banks, while the euro rose to its highest level in more than a year against the dollar. The single currency...
Euro Hits Year-High Against Dollar; US Stocks Bounce
The euro extended its run higher against the dollar Wednesday, hitting a one-year high, while tech and bank stocks helped Wall Street reverse a sell-off in the prior session. The euro rose close to...
Tech Sell-Off Hits US Stocks; Euro Surges On Draghi Comments
Wall Street stocks took a hit Tuesday as a key vote on President Donald Trump's health care reform was delayed, while the euro rallied following upbeat comments from European Central Bank chief Mario...
Cedi’s Woes Hamper Stock Exchange’s Performance
The Ghana Stock Exchange (GSE) closed in the red in the week ending June 9, making it the second consecutive decline in recent times. The decline in the two market indices was due to currency...
Euro Advances After French Vote; US Tech Shares Tumble Again
French election results favoring President Emmanuel Macron's party boosted the euro but hit European equities Monday, while US stocks retreated due to another round of technology weakness. The euro...
Pound Struggles To Rebound In After Shock British Vote
The pound struggled on Monday to recover from last week's sharp losses that came in the wake of a shock British election result that has thrown the country into uncertainty. Sterling took a beating...
British Pound Tumbles After UK Vote; Tech Sell-Off Hits Nasdaq
The pound plunged Friday as the surprise election setback to Prime Minister Theresa May injected uncertainty into Britain's negotiations with the European Union over Brexit. But London equity markets...