Global Markets

The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are slated to post sub-1 per cent growth this year.

Stocks across Asia-Pacific fell after a potential antiviral drug to treat coronavirus flopped in its first clinical trial, dashing investors’ hopes for a medical solution to the pandemic.

Kenya Airways' share price Wednesday dropped below the Kes1 mark to trade at Kes 0.97 at the Nairobi Securities Exchange

Crude has been pummelled in recent days on concerns that there is not enough space around the world to store the growing oil glut

Frontier markets had a good day in turn as global Investors looked out to them for hedging against their markets. Turnover of the Nairobi Securities exchange hit past the 1 Billion mark...

The challenge of identifying which assets will lead the rebound from the virus turmoil is the major debating point as countries around the world achieve some success in limiting the spread of...

Demand for energy collapsed in the U.S and most heavy users of oil globally and traders don’t want to get stuck owning crude with nowhere to store it.

There is not much expectation about the current quarterly earnings season and the disappointment seems to be already factored into the stock prices. Markets will watch out for management commentary regarding the...

The local market seems to have run out of purchasing power, or are waiting for even lower prices as we presume, as they hold low counteractive measures against the foreign investors. Earlier...

The rand has slumped 25% against the dollar this year, compared with the lira’s 14% decline. South Africa’s currency has been hit by a credit downgrade to junk, a slump in commodity...

Kenyan government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit increases the debt-GDP ratio.

China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates.

Analysts estimate that 76 of the world’s poorest nations, which are eligible to receive the bank’s International Development Association (IDA) funding, are due to make repayments of about $40bn to external creditors...

As losers & gainers continue to emerge, Safaricom still takes the lead in firms gaining ground during this pandemic. The company's Chief Executive Peter Ndegwa said their home fiber service reported a...

The major Asia-Pacific stock indexes are trading lower on Monday as traders digest the OPEC+ production cut deal and the latest news about the coronavirus pandemic. Volume is light with most of...

The world’s top oil producers pulled off a historic deal to cut global crude output and put an end to a devastating price war. After a week-long marathon of bilateral talks and...

Most markets will be closed for Good Friday today and will resume trading on Tuesday. U.S markets as the tradition, will be closed today but will resume trading on Monday.

The banking stocks are one of the most hit in Nairobi as stocks plummeted and have been struggling to remain stable. Co-op bank which closes it's books in a week's time has...

On performance of global markets, Asian stocks stepped back early Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were...

Early Tuesday data on Asian markets showed that Asian stocks headed for their first back-to-back gain in two weeks on continuing optimism that the deadly coronavirus outbreak may be waning in some...

Stocks sank in Australia and Hong Kong, while South Korean shares fluctuated. Early gains in Japan gave way to losses, while S&P 500 futures fell about 1%.

Wednesday’s cascade that sent technical analysts back to the charts in search of lines of defense that might emerge should the low be tested.

The trend could follow in emerging markets with a high exposure in India, South Africa and Nigeria. The European markets are faced with an increased volatility that could pour out into the...

counters that are currently trading on cum-dividend are likely to maintain their trading positions at these levels.

While most of these countries have advanced healthcare systems, Africa's healthcare systems might not be able to handle a surge in Corona Virus cases

Indonesian stocks plunged to a level that triggered trading halt, as the number of Covid-19 cases surge domestically and globally

Greatest health impact has been in advanced economies, but emerging market and developing countries, especially low-income countries, will be hard hit by a combination of health crisis, a sudden reversal of capital...

Well, these types of rallies are not uncommon in periods of extreme volatility. During the height of the financial crisis, in October 2008, global markets posted two single-day gains of more than...

As the virus spread and Kenya's reported an additional one confirmed case of the COVID-19 yesterday and also reported the first recovery of an infected patient. Spain had its deadliest day yet

At the moment, it's a game of bazookas, tanks and all arsenal Central Bankers can pull against a new enemy, the Corona Virus, which has caused economies to stall everywhere it's stops.

The bear run may last but a bull will emerge at the long run. Rather buy the dip than buy the climb.

Yesterday, the country's health minister indicated a rise and also confirmed possible rise in infections in the country as they move to trace and quarantine those who had been contacted by the...

The results released yesterday could bring into play a defensive game for bank stocks, just as local investors did on Safaricom earlier in the week. Equity Bank will definitely be a counter...

Data from the NSE shows the dividends as a percentage of share price (dividend yields) for 18 listed firms range between 7.3 and 19.7 percent, having gone up as the share prices...

Trading on Philippines Stock Exchange will resume on march 19th after the country temporarily halted trading on all Capital markets instruments yesterday. The finance minister in a statement, told investors not to...

A month into one of the fastest global market meltdowns in recent history, investors aren’t willing to pay more than liquidation value for stocks in Hong Kong. The 50-member Hang Seng Index...

The first quarter of the year and the market is taking one of the greatest hit of all time. Bringing the reminiscence of the 1987 and the 2008 crash. Global markets started...

European Commercial Bank could be warming up to counter the virus effect which is on the verge of pushing the global economy into a recession. 

The slump in oil may make recovery of global markets even harder as the Corona-Virus pandemic continues to hit markets globally.

Global markets have officially entered into a bear run. In what couldn't have been worse, the New York Stock Exchange had trading halted for the second day running after the S&P 500...

South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as markets globally continued to react to US measures aimed at curbing the spread of the coronavirus ...

The world health organisation yesterday declared the novel Coronavirus a global Pandemic.

Tuesday saw the Nairobi bourse gain Sh10 billion in market capitalisation, recovering some of the heavy losses recorded on Monday.

Financial markets globally yesterday had their worst day as markets opened lower and 'messier'. This is after Oil prices cratered more than 20% on Monday following Saudi Arabia’s surprising decision over the...

The Corona Virus scare hit the NSE hard two weeks ago when the index touched its lowest in 16 years. Just as the NSE is starting to recover, guess what? Global Oil...

The mother of all busts is unfolding in the oil market. WTI crude is already down 37% since the January high and it's about to get much worse. Monday's open will be...

We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” Roger Diwan, an oil analyst at consultant IHS Markit and a veteran OPEC watcher, told...

The announcement followed a meeting between the president, prime minister and senior financial officials earlier in the day

Data from commercial banks reveal the shilling is under pressure since Tuesday when Central Bank of Kenya announced they will buy back a total of $400 million (Kes41.2 billion) from commercial banks...

A report by  Standard Investment Bank (SIB) has revealed that the small cap stocks have been performing well on the exchange, despite the gains being made on the back of very thin...

Before the outbreak, the global economy was showing signs of stabilizing, as the Bank had projected in its January Monetary Policy Report (MPR). However, COVID-19 represents a significant health threat to people in a...

The NSE opens this morning with a new wave on uncertainties as global markets. U.S. stocks tumbled and Treasuries surged as investors worried the Federal Reserve’s emergency cut won’t be enough to...

This is the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The new benchmark interest rate is 1% to 1.25%.

1. Global Markets soared yesterday for the first time in two weeks as China reported lower cases of the Corona Virus infection.The S&P 500 surged 4.6% Monday, rebounding from the worst week...

It's a new month today & here's what to know as markets open. 1. East African Breweries Plc closed their books on Friday, as markets open, expect the usual books closure effect...

At the same time, a report out has indicated that the construction sector in the NSE has been most hit in terms of Market capital erosion

Good morning, here's a rundown of top economic news you need to know. The NSE had one of its worst sell offs this year yesterday when most stocks plunged to touch their...

Good morning, here's what you need to know before you start your day. 1. Kenya's Nairobi City County will now be run under the National Government. In a historic move, Nairobi Governor...

Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about a global economic slowdown. The risk-off mood hardened as the...

In February 2019, Capital Markets Authority issued the guidelines for the green bond issuance in the country. Six months later in August 2019, Acorn Project (Two) Limited Liability Partnership became the first...

After more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much...

Saudi Arabian Oil Company (ARAMCO), the world’s largest initial public offering (IPO), surged past expectations as it debuted trading on the country’s stock exchange on Wednesday morning. The stock moved above the maximum...

The Nairobi Securities Exchange on Thursday issued a notice of change of issuer ticker codes for certain select counters. This comes just days after the NSE updated systems went live on Monday....

Kenya’s economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on Tuesday, lowering its forecasts from earlier this year which was a growth...

The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global...

At the end of the first weekday of trading on the Nairobi Securities Exchange this week. A total of 2,501,900 shares in 415 deals, corresponding to a market value of KES 141,832,986.00,...

NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited. This comes after the Merged Unit of CBA & NIC...

The new Active Trader System of the Nairobi Securities Exchange is set to go live next Monday 14 October, 2019 bringing an end to a long wait for system change by traders...

Hong Kong Exchanges & Clearing Ltd. said it won’t proceed with its 29.6 billion-pound ($36.4 billion) unsolicited takeover bid for London Stock Exchange Group Plc, another failed cross-border deal in the exchange sector that...