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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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FG following investigations on death of 2 Nigerians in South Africa.

The Federal Government says it is following police investigations on the death of two Nigerians in South Africa.
A statement from the Ministry of Foreign Affairs in Abuja on Wednesday, signed by the Spokesperson, Mr Tope Elias-Fatile, said their death occurred in two separate incidents.
“The mission informs that the first incident involved Mr Ikechukwu Mmanwoke Edmond, an indigene of Anambra State, who was murdered in front of his home in Marvern, a suburb of Johannesburg.
 
“The second incident involved Mr Eluka Agu, who was beaten to death during a robbery alongside some unidentified persons in Olievenhoutbosch, Centurion, near Pretoria.
“The Federal Government wishes to assure that the Consulate-General of Nigeria in Johannesburg has been following Police investigations on the sad development.
The government further commiserated with families of the deceased.
“Meanwhile, our missions in South Africa would continue to engage their host authorities to ensure the safety of Nigerians residing in various parts of the country.”

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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
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