A hard Brexit on World Trade Organization terms is likely to have around three times the impact on the UK economy compared to Europe. The latter is an unlikely presence of both stagnated economy and high inflation. I have a friend who just came into Nigeria recently and he is around for farming, with his land in the Lekki area of Lagos. So average stock market return is higher than bond market return. The bottom line in our view is that fiscal austerity and tighter monetary policy are still some years away. Rising bond yields will eventually place lofty equity market valuations under pressure. Member of the Chartered Financial Analyst Society. We believe it should lengthen the expansion and delay the day of reckoning for equity markets from higher interest rates. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand. Descriptions of, references to, or links to products or publications within any linked web site does not imply endorsement of that product or publication by Russell Investments. Generally, when interest rates rise, prices of fixed income Ugodre said, “We’ve seen the devastating effects that the hoodlum-hijacked-protest did for Nigeria in general, not just in Lagos, but across the country. This gives the Fed plenty of room to leave the Fed funds rate unchanged after inflation starts to pick up. It usually goes up in times of uncertainty and declines when uncertainty eases, as has been the case during the coronavirus panic and subsequent market recovery. "Sizzlers and Fizzlers," Select "Dow Jones Industrial Average," Select "Top Daily Point Losses." Imagine all those jobless people trying to cope with rising prices at the grocery store. On March 11, the Dow closed at 23,553.22, down 20.3% from the Feb. 12 high. Europe’s exposure to financials and cyclically sensitive sectors such as industrials, materials and energy give it the potential to outperform in the second phase of the recovery when economic activity picks up and yield curves steepen. As you can imagine, the average stock market return has sunk during those times. How Bonds Are a Bellwether for the US Economy, Top 12 Financial News Stories of the 21st Century. The stock market is not a playground. It is also a consequence of ultra-low, risk-free government bond yields and central bank asset purchases that have compressed risk premiums and boosted asset prices. The drop was caused by unbridled global fears about the spread of the coronavirus, oil price drops, and the possibility of a 2020 recession. Olumide Adesina is a France-born Nigerian. On March 11, the World Health Organization (WHO) declared the disease a pandemic. The organization was concerned that government leaders weren’t doing enough to stop the rapidly spreading virus. Overheated technology stocks and U.S. election uncertainty are near-term headwinds, but positive COVID-19 vaccine developments, dovish central banks and an ongoing economic recovery should allow equity markets to push higher. 2 The Nifty 50 is an informal designation for 50 popular large-cap stocks on the New York Stock Exchange in the 1960s and 1970s that were widely regarded as solid buy-and-hold growth stocks.