Global Market | |
Global Market | |
1932 VIEWS | |
![]() | |
PROSHARE | |
PROSHARE |
Friday, June 12,
2020 / 05:57 AM / by Proshare Content/ Header Image
Credit: EcoGraphics
Thirty-four
(34) global stock markets were reviewed, 27 showed declined in their
year-to-date performance, 6 remained unchanged while only one (1) stock market
recorded an increase in its year-to-date performance. The top three stock markets that dipped the
highest were Austria's ATX, Jakarta's JKSE, Brazil's Bovespa which dipped by -30.50%, -26.38% and -26.09% respectively (see Table 9). The only stock market that recorded an increase of +4.10% in their year-to-date
performance was USA's Nasdaq.
Table 9: Recent Global
Stock Market Indexes as of May 26th, 2020
Crafting Global Scenarios
There are two possible
scenarios linked to the coronavirus. The
two scenarios are; Global outcomes if the virus persists and global happenings
if the virus spread stops.
If the virus persists with
continued disruption of global supply chains and persistent lockdowns in major
economies around the world, the global economy would likely skid into a hard
recession, with a reduction in global
demand, change in the composition of dominant industries, a mixed outcome for
the service sector (hospitality, airlines, logistics and transportation will
decline, while digital entertainment, online financial intermediation and data
processing services will rise), crude oil demand will fall, while traditional
brick-and-mortar financial services will decline with a loss of jobs for front
office staff and a few back-office individuals as artificial intelligence (AI)
software begin to take care of customer user experience and interface (UX/UI).
The education sector may all
see a sea change in approach to learning and teaching as physical distancing
forces educational establishments to move training to digital platforms or a
combination of both physical and digital environments that provide optimal
training and learning opportunities.
On the other hand, there is likely going to be a slow recovery of major economies, a gradual recovery of travel/tourism and manufacturing industry as well as gradual pick up in oil demand if the virus does not persist and major economies can curtail the further spread of the virus (see Illustration 4).
Illustration
4: The Crafting Global Scenarios
Related Reports (PDF)
1. Download the Full PDF Report - Coronanomics and the Nigerian Economy, June 06, 2020
2. Executive Summary PDF - Proshare, June 06, 2020
Related News
1.
Coronanomics (5) - Global Oil Market - Spinning Around A
Vortex
2.
Coronanomics (4) - Chinese Economy and The Rest of the
World
3.
Coronanomics (3) - The Global Economy Spinning on a
Wishing Wheel
4.
Coronanomics (2) - Easing Out of a Crisis
5.
Coronanomics (1) - Understanding the Realities of an
Impending Recession
Related Links and References
Related News - Opinions & Analysis
Related News - Reviews and Outlooks
Related News - Nigeria Economy
1. COVID-19 and the Construction Sector
2. The Lockdown - Food Scarcity and Social Unrest Looming
3. April 2020 Headline Inflation Will Cross 13.0% - FDC
4. Nigerian Economic Update: A Throw of the Dice
5. Guidelines and Recommendations: Reopening the Nigerian Economy
6. GDP By Income and Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40%
7. Ahead of Tomorrow on WebTV: Discussions on COVID-19; Reinventing Nigeria's Economy
8. Nigeria Weekly Update: Short and Long Currency Cycles
9. Nigeria Needs A National Strategy To Integrate Factor Endowment Into A Plan - Prof. Utomi
10. A Surprising Boost to the FAAC Payout; April Payment Amount to N781bn
11. Ahead of Tomorrow on WebTV: Discussions on Repositioning Nigeria's Economy Beyond COVID-19
12. Impact of Privatization on Nigeria's Economy
13. Can Africa Afford COVID-19 Lockdowns? - Chukwuma Soludo
14. COVID-19; Nigeria Needs To Relax Foreign Exchange Management To Boost Industrialization - Dr. Yusuf
15. Nigeria's Economy After Oil: How Should We Prepare?
16. The Disruptive Impact of COVID-19
17. Nigeria's Impending Recession
18. Roadmap to Rebooting Nigeria's Economy from COVID-19
19. Coronation Weekly: Interest Rate Conundrum
20. Headline Inflation Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
21. Ahead of Tomorrow On WebTV: COVID-19 and The Strategic Implications to Business Planning
22. #Coronanomics: The Changing Scale of Edtech, Healthtech, and Virtual Work Space In Nigeria
Related Reports/Articles
1. COVID-19 and AGM by Proxy: Lessons from GTBank Approach
2. #Coronanomics: How Tech Businesses Can Sustain Productivity
3. The End of an Epoch: A New Beginning for Capital Markets in the 21st Century - Bruce Fenton
4. Nigeria's Post COVID-19 Economic Outlook - Economics Associates
5. Which Emerging Markets Are in Most Financial Peril?
6. Global Monthly - World Bank Group
7. World Economic Outlook 2020 - The Great Lockdown
8. COVID-19: Economic, Tax and Other Fiscal Stimulus Measures in Nigeria
9. COVID-19: Crisis And Opportunity
10. COVID-19: Nigeria Economic Impact and Implications for CPG - McKinsey and Company
11. The Economics of a Pandemic: The Case of COVID-19 - London Business School
12. The Impact of The COVID-19 Pandemic in Nigeria - UNDP Nigeria
Coronanomics Discourse-WebTV Videos
2. COVID-19: Time For Nigeria To Diversify Its Revenue Base Through Agro, ICT - Ayuli Jemide
3. Post COVID-19: Nigeria Must Prioritize Agro and Manufacturing, To Drive Productivity - Ray Echebiri
4. Post COVID-19: States Should Rethink Their Economic Models To Drive Productivity - Teslim Shitta-Bey
5. Economy & Politics: Nigeria Needs a Post COVID 19 Long-Term Plan - Boason Omofaye
7. Economy and Politics: How Nigeria Can Address Its External Illiquidity - Ayo Teriba
8. Economy and Politics: Nigeria Must Deregulate Its Petroleum Sector Post COVID 19 - Boniface Chizea
14. Market Review: States Need Integrated Economic Policies Post COVID 19 - Teslim Shittabey
17. Market Review: Nigeria Needs a Robust Regulatory Framework for Virtual AGMs - Bayo Olugbemi
18. Market Review: Nigeria Must Deploy Data to Effectively Mitigate COVID 19 Risks - Babajide Ogunsanwo
20. Market Review: Deregulation of Downstream Sector, Way Forward for Nigeria - Olugbenga Odusanya
21. Economy and Politics: CBN Should Reduce the CRR and MPR - Marcel Okeke
23. Market Review: COVID 19, An Opportunity for Companies to be Empathetic to Consumers - Lampe Omoyele
24. Economy and Politics: Nigeria must Drive a Harmonized Tax Plan Post COVID 19 - Taiwo Oyedele
28. Economy and Politics: Why Nigeria Should Explore a N20trn Development Bond - Tope Fasua
29. Market Review: Nigeria Needs More Project Based Funds to Attract Investments - Ebo Ayodeji
32. Nigeria Needs to Align its National Database to Deepen Social Investments - Laoye Jaiyeola
33. Post COVID 19: Time for Nigeria to Restructure its Fiscal Framework - Zeal Akaraiwe