My people, make I gist you wetin dey happen for oil market right now! Oil price don scatter everywhere as U.S. President Trump dey open mouth, dey give Iran warning wey fit shake ground! As e be, West Texas Intermediate don rise more than one percent dey near $64 per barrel while Brent don relax small, dey park for under $69.
Trump no dey play o! E don dey warn Iran about ‘consequences of not making a deal’ as dem dey prepare for talks wey go happen for Geneva. This one no be joke as e don dey threat military action before, especially when Iran dey crack down on protests and all this nuclear wahala wey dey happen.
This warning don send small shock for market wey dey quiet because holiday don catch plenty people for Asia and America, dem just dey chill. Shanghai, Hong Kong, Taipei, Seoul, and Singapore dey closed hand for Lunar New Year, so oil market still dey ginger without dem.
Meanwhile, gold don fall below $5,000 per ounce, and silver don waka go down by four percent. Tokyo markets no too smile as the Nikkei don drop 0.8 percent after dem hear say Japan economy no too strong last quarter.
Brokerage house Monex talk say since U.S. market dey closed, Japanese market go start the day with small movement because material dey scarce to trade. For forex market, dollar/yen exchange dey play for mid-153 yen range—this one fit help export-related stocks shine small.
For Sydney, e be like say dem dey feel good as BHP, wey be the largest copper producer for the world, don announce say their half-year profit don increase due to demand for copper wey dey follow electrical power wahala. Bangkok no wan hear bad news, don rise 0.5 percent too after dem elections wey the conservative Bhumjaithai Party gidigba win on February 8.
As e be, Mumbai, Jakarta and Manila dey green, but Wellington don drop 0.5 percent and Kuala Lumpur no dey move much. Traders dey mark their territory as dem dey eye artificial intelligence matter wey go happen for New Delhi this week. Na big summit wey dey happen to set shared plan for global AI governance.
U.S. Fed Governor Michael Barr and San Francisco Fed President Mary Daly go talk about AI too as dem gather for Tuesday. Although many tech companies dey smile as AI dey bring plenty profit, wetin dey worrisome be the risks wey follow am for society and environment. Na so e be, my people, keep your ear on ground, because market dey move like water!
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