May 12 (Lagos) - Stocks are rising sharply all over the world after US and China came to an agreement regarding their tariff war that was engulfed the global trade for the past 2-3 months.
There was also a glimmer of home on the Russia-Ukraine war with some positive comments coming toward a ceasefire. India-Pak agreed to a ceasefire after the Pakistan side called India to beg for a ceasefire after destruction of their air bases on Friday. The new pope called for end to Gaza conflict.
Indian stock markets rose more than 3% today. In Japan the NIKKEI was up 0.38%, South Korea's KOSPI was up more than 1% while China MSCI NTR futures were up 3.61% today.
Global wheat prices are at a multi year low after promise a great harvest in North America.
Crude oil prices jumped 2.5% this morning in USA.
US stock market futures are up more than 2% with NASDAQ up more than 3% at the time of writing this article.
Gold prices are down more than 3% as the safe heaven bets unwind.
Bitcoin is trading at more than $104K per unit.
Hopefully the excitement will last till the US market open as we are still early in pre-market trading.
In Nigerian stock market some stocks have seen strength over the last week on the back of good results from Betaglas and Vitafoam that surprised investors.