U s futures asia stocks drop as stimulus pending nigerian markets set to open
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US Futures and Asia Stocks Drop as Stimulus Pending
US stock futures and Asian markets fell on Monday as investors awaited the outcome of a stimulus package in the United States and a potential trade deal with China.
Nigerian Markets Set to Open
Meanwhile, the Nigerian stock market is set to open on Monday, with investors looking to take advantage of the recent rally in the market. The Nigerian Stock Exchange (NSE) has been on a tear in recent weeks, driven by a combination of factors including a rebound in oil prices and a decline in inflation.
US Futures and Asia Stocks Drop
US stock futures fell on Monday, with the S&P 500 futures down 0.3% and the Dow Jones Industrial Average futures down 0.2%. Asian markets also fell, with the Nikkei 225 in Japan down 0.5% and the Shanghai Composite in China down 0.3%.
Stimulus Package and Trade Deal
The US stimulus package, which is expected to be worth around $1 trillion, is pending in Congress. The package includes a combination of tax cuts and spending increases, and is expected to boost economic growth. However, investors are also waiting to see if a trade deal with China will be reached, which could have a significant impact on the global economy.
Nigerian Market Outlook
The Nigerian stock market has been on a tear in recent weeks, driven by a combination of factors including a rebound in oil prices and a decline in inflation. The NSE All-Share Index has risen by around 10% in the past month, and is up around 20% year-to-date.
Investors are looking to take advantage of the rally in the market, and are expected to be active on Monday. The market is expected to be driven by a combination of factors including earnings reports from companies, economic data, and global market trends.
Overall, the outlook for the Nigerian stock market is positive, driven by a combination of factors including a rebound in oil prices, a decline in inflation, and a rally in global markets.