Chai! Na wah o! Global markets don dey waka for one kind wahala as US President Donald Trump don threat say e go put tariffs for goods wey dey come from eight European countries. This one no be small gobe, my people!
Na Denmark, Norway, Sweden, France, Germany, Netherlands, Finland and Britain na im Trump dey plan to hit with 10% tariff starting from February 1. If dem no gree am collect Greenland wey dey under Denmark, dis tariff fit jump reach 25% by June 1. Wetin e mean be say we go dey see fresh commotion for the market wey don already dey shakara!
As Trump dey prepare for World Economic Forum wey dey happen for Davos, all eyes go dey on am to hear wetin e wan talk. E fit carry plenty gist come, as last time wey im talk, na when dem dey clash for tariff issues, e scatter market vibes!
Economy experts dey talk say efforts wey go fit calm matter down dey very slim, Holger Schmieding wey be chief economist for Berenberg Bank don yan say, “Hopes wey people get say tariff matter don stabilize don scatter! We dey face same drama like last spring.” No be joke, the last time wey dem do this kind thing, markets for everywhere come dey do shakara like say dem no sabi wetin dey happen.
As e be now, Europe don dey brace for wahala. Shares for European market dey near highest they don ever see, with Germany DAX and London FTSE don increase over 3% since the year begin. The defense stocks dey shine like star, don jump almost 15% this January alone, as tension dey increase worldwide!
Tina Fordham, wey sabi geopolitical mata, don talk say “US-EU trade war don come back!” This one dey happen just as dem dey sign free trade agreement between EU and South Americans for Mercosur. Na wah oh! Na who go carry dis wahala come?
Plus on top all dis wahala, gold and silver don dey shine as safe havens, dey catch investors wey dey run from wahala. Say gold still dey near record highs just show say people dey panic small as dem dey check wetin Trump go talk for Davos.
Meanwhile, all eyes too dey on China GDP on Monday, as dem expect GDP go grow by approximately 4.9% for 2025, wey fit help global trade sense balance small. UK inflation matter too dey come out, along with interest rates decisions for Türkiye. Na serious business be this!
As we dey watch how e go play out, one thing we sure be say investor sentiments go dey very crucial—as e fit determine wetin go happen next. Keep your ears sharp, because dis week fit don reach serious drama level!
Do you have a news tip for NNN? Please email us at editor @ nnn.ng
