Jah! Wetin dey happen for China as dem report say inflation don rise pass 0.8% in December, na the fastest in almost three years. Wetin we go talk? Na food prices dey power this waka, but e still dey cause wahala for many fronts.
As per wey traders dey move for market now, dem don finally rest from di two-day hustle wey dem get before. Asian markets dey shine as e be, especially places like Shanghai and Hong Kong wey don feel di sweet breeze of dis inflation news.
Market don dey refer plenty to di job figures wey we go sabi for US soon, as dat one fit change how Federal Reserve go dey think about di interest rates wey dem dey chop. Dem never cut again since dem start this rate cut action, but analysts dey yarn say if job figures bad, dem fit consider to cut again. But if e beta pass expected, wahala go dey.
Matt Weller wey be analyst for City Index don talk say traders dey feel good about Federal Reserve no go cut interest rate dis month. Only if job matter waka go bad, like if dem see people no go fit get job reach 4.7% unemployment, na im go make dem shake small for that confidence level.
As we dey look, Wall Street follow show mixed signs show dem dey shift money from tech com dey go small cap companies. But Asia gats dey shine; places like Tokyo, Sydney, Singapore, Seoul, Taipei and Manila dey fly high.
Speaking of inflation, di latest report don show say dis 0.8% increase wey dem measure be di highest since February 2023. But e no go forget say na food price increase dey drive am and e dey cover plenty weakness wey dey ground.
For political matter, Supreme Court dey ready to decide on how Trump dey use im power to bring tariffs wey affect many businesses last year. Dem dey consider if e fit do dat one under emergency power – if dem say no, wetin go happen to companies wey don pay tariffs?
Omo, oil price dey rise as Trump dey threaten Iran with serious action if dem no respect di protesters wey dey for dia side. Na how e dey affect global oil market fast fast wey e dey sweet. Despite wetin happen earlier dis week, oil don change dem mind and don rally back.
Dey watch markets as Tokyo Nikkei 225 don rise by 1.1% wey be 51,692.70, Hang Seng Index don up by 0.1% for 26,179.70, and Shanghai Composite don increase by 0.7% wey bring am to 4,113.38. Dollar dey shake for $1.1652, Pound don change for $1.3432, and na just matter of time we go see how dis all go play out for next week.
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