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Global Capital Market Opens The Week With a Renewed Optimism

Sep 16, 2019 04:02 PM
Global Capital Market Opens The Week With a Renewed Optimism Africa Business Radio, Aramco Oil, Saudi Arabia, Iran, Oil Market, Tradewar, Investors, ECB, Rate Cut, Soji Akinlabi, Refineries, Higher Yield

On today's Market analysis, Soji Akinlabi focuses on the fundamental basis of the widespread investors' optimism across the different market. The attack on Saudi Aramco oil refineries, the largest refineries in the world, is set to be the major driver of the oil market this week and there's a shared sentiment about this globally. Investors are still excited about the ECB's rate cut by 10 basis point as the outcome of last Thursday's meeting and resumption of its quantitative easing program. Last, another fundamental factor to consider this week is the renewed political will between the US and China to make a deal and put an end to the escalating trade wars, this has also been demonstrated by the shown gestures from both parties towards the end of last week through the suspension of the next phase of tariff wars.

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