Author: InvestAdvocate

UPDATE 1- Nigerian Stocks Fall To 8-Year Low, Funds Buy Bonds

* Foreign investors spurn Nigeria, locals buy bonds * Index falls to lowest since Nov. 2003 Nigeria’s stock index fell to its lowest level in over eight years on Wednesday, closing down 0.61 percent to 19,829 points, as jittery foreign investors spurned frontier markets and domestic funds switched to bonds, […]

Lack of ECB bond-buying plan sends stocks lower

U.S. stocks are sliding Thursday after the head of the European Central Bank said there was no existing plan for large-scale government bond purchases, as many in the markets had hoped. ECB President Mario Draghi’s remarks sent borrowing costs for Italy, Spain and other countries with heavy debt burdens sharply […]