World stocks higher as latest US-China tariffs kick in   


Sep 2 (Lagos) - Major Asian stock markets are higher as the new US-China tariffs go into effect. Japan's NEKKEI is up 0.73%, China's shanghai futures are higher well. Euro stock markets closed strongly in the green with London's FTSE up 0.71%, Germany's DAX and France's CAC  both higher by more than 1% today. 


US & Canadian stock markets remained closed to mark the labor day holiday. Indian stock markets were also closed for public holiday. 


All eyes will be firmly on the US stock markets tomorrow to see the reaction to the new tariffs. We could get a positive reaction given the reaction in the rest of the world. 


Nigerian stock exchange also closed higher today albeit by only 0.14% to continue the rally that began late last week. The rally led by stocks like NESTLE , UBA and CCNN while there was more declines for stocks like UACN & CHAMPTION breweries. 


Investors in Nigeria have been badly bruised by the long bearish hold on the stock market and any uptick is viewed with suspicion. Warren Buffet has a famous quote that comes to mind which goes like "buy when other are fearful",




reporting for easykobo.com on Monday, Sep 2 2019 from Lagos, Nigeria
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