FCSL WEEKLY MARKET REPORT -1ST NOVEMBER, 2019

Global Economy –Rundown:
The global economy for the week ended witnessed some weighty momentous that spread around the global equities frontiers, crude market and economic data release from both china and United State. A positive moment was recorded on the global equity barometer being measured by the Morgan Stanley composite index that inched higher by about 2.1%, which is the highest in recent time dated to January, 2018. Crude oil ended the week slightly stronger than the opening price of crude price that stood at $61.59, while as at close of trade on Friday crude price was able to sustain marginal gain of 0.12 cents, which was attributed to encouraging hints of a possible resolution towards the trade pact between U.S.
National Economy –Rundown:
The value of commercial Banks aggregate Assets and Liabilities is reported to be estimated at N39.588billion as at month end, August 2019, while Banks major source of finance were sourced from Foreign Liabilities, Foreign asset realisation and reduction of claims from Central Bank of Nigeria.
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