In the absence of macro jobs data due to the U.S. government shutdown, traders are piling into AI stocks, ING told clients this morning. "Financial market volatility is falling across the board, partly driven by the US government shutdown and the delay to key data releases such as the September jobs data. Instead, investors remain transfixed by the AI-driven rally in megacap tech shares, which shows no signs of slowing."
Nigerian equities have shown resilience with the NGX All Share Index nearing the 122,000-point mark due to positive performances in electronic technology and producer manufacturing.