Author: Julius Alagbe

Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

Memory Chip Stocks Selloffs Drag Wall Street, European Markets Mixed

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Memory Chip Stocks Selloffs Drag Wall Street, European Markets Mixed Mirroring global markets’ swing, Wall Street dipped as selling pressure in memory chips, semiconductors, and other AI-linked stocks dragged key indexes lower ahead of US inflation data. Renewed doubts about AI investment returns and intensifying Chinese semiconductor competition pressured global technology shares yesterday, as investors awaited US inflation data for guidance on Federal Reserve policy. Wall Street closed softer, with the S&P 500 little changed, the NASDAQ down 0.15% and the Dow Jones off 0.35%, as memory stocks extended losses and financials weakened after earnings, a stockbroking and portfolio management…

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