My people, na big wahala dey unfold for market as Trump dey run mouth again!
As e be say American President Donald Trump don jettison tariff wahala wey e been dey threaten European countries with, market don waka better highway. Wall Street dey catch life as MSCI global stock index rise and dollar don dey fall like wetin no get balance.
Trump yarn for Fox Business Network say him no go use force to take Greenland. Na him dey drop some ginger comments wey dey ginger investors to move forward with confidence. According to am, deal wey dem dey negotiate go give U.S. military access to Greenland without cost – who no go wan enter that kind freebie?
Plus, U.S. economy growth don increase faster than dem sync expect for Q3, as GDP don hit 4.4%, fastest since last year. All dis good news don make unnna labor market hold steady, even if more Americans dey file for unemployment benefits small.
Wetin we dey see so na relief rally. Investors don dey optimistic say Trump move go mean say military order and tariffs wahala don reduce. Rick Meckler, wey dey run Cherry Lane Investments, confirm say e be like say emergency wey dey worry market don clear for now, but wey still dey form concern say if e go change anything in global economy.
Wall Street indexes all dey up. Dow rise by 306.78 points, S&P 500 up 37.73 points, and Nasdaq join the party with 211.20 points rise. E be as if everybody dey dance together. MSCI gauge sef don jolly reach 0.72% increase.
For Europe, dem see similar vibe as dem STOXX 600 index take one shake up 1.03%. Meanwhile, dollar dey slip away as safe-haven currency. Euro and sterling don dey shine as traders jump on risk-sensitive currencies with Trump tenure don calm market a bit.
In big picture, energy market wan troway some wahala – oil price don dey drop after all the sweet-talk for tariffs wey Trump drop. U.S. crude don settle down 2.08% while Brent crude don dey edging down too.
Gold na the boss for safe-haven asset as e don climb, passing $4,900 per ounce for first time, which dey show market dey fear still dey waka for geopolitical tension. Bitcoin and Ethereum don follow dem own downward trajectory for crypto world but e no really matter for this gist.
Federal Reserve talks don dey come on top this situation, market dey expect dem to make some moves soon to stabilize everything. Bottom line be say all the movement wey dey happen e dey reflect how traders dey react to Trump comments and policy adjustments.
My people, carry your earpiece and follow the market as e dey shift level, we go dey keep una updated as more news go drop from Europe and America. This one na the life wey we dey live oh, keep your eyes sharp!
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