Traders say the bearish treasury bills market was triggered by expectations of an Open Market Operations (OMO) auction later this week. To discuss this and other activities in Nigeria’s fixed income and forex market, Yinka Yomi-Tokosi, Leader of Asset and Liability Management at Access Bank (AC) joins CNBC Africa for more.
Libby Cantrill, head of public policy at Pimco, discusses a new Congressional Budget Office forecast that says the U.S. budget deficit is set to widen to $1 trillion by fiscal year 2020. She speaks with Bloomberg's Sheri Ahn on "Balance of Power."
Nigeria’s July inflation dipped for the second consecutive month to 11.08 per cent according to data from the National Bureau of Statistics (NBS). Meanwhile, the Central Bank of Nigeria (CBN) will hold its bi-weekly retail Secondary Market Intervention Sales (SMIS) Forex auction today. To discuss this and other stories impacting Nigeria’s money market, Nifemi Adeniyi, team leader of Liquidity Management at Access Bank joins CNBC Africa for more.
China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone. Bloomberg's Selina Wang tells you what to watch out for when both of the companies report earnings.
Oil advanced for the first time this week after Saudi Arabia signaled it's taking steps to stabilize the market, which has been rocked by the escalating U.S.-China trade war. Bloomberg's Alix Steel, Tina Davis, Mike McGlone and Luzi-Ann Javier discuss volatility in the commodity markets that caused gold to hit $1,500 and iron ore prices to enter a bear market.