European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after a credit agency cut its rating on the European Union. The FTSEurofirst 300 .FTEU3 index of top European shares was up 0.2 percent after […]
Tag: Stocks
Nigeria’s naira firms as central bank intervenes after US Fed taper
* Naira firms as central bank sells dollars in wake of Fed taper * Nigeria bond yields mixed as U.S. start tapering * Stocks up almost 1 pct on Thursday (closing bond yield, naira, index, quotes and background) Nigeria’s central bank intervened to support the naira currency on Thursday, lifting […]
Nigeria funds switch to bonds as risk appetite wanes
* Fears over central bank, elections dampen risk appetite * Central bank governor Sanusi to stand down next June * Funds switch to short-term bonds and t-bills * U.S. Fed tapering likely to hit emerging markets After a bumper year for Nigerian stocks, investors are selling riskier assets and moving […]
