China-Africa Trade

Wall Street experienced a volatile week driven by Nvidia’s earnings, a strong U.S. jobs report, but ended with a potential positive signal. The S&P 500 and Dow declined ~2%, Nasdaq -2.7%. Hope emerged from a Federal Reserve official hinting at potential rate cuts, bolstered by Alphabet’s AI advancements and Eli Lilly’s market cap milestone, indicating diversification. A rebound occurred Friday, but major indexes ended the week negatively. Key news included a Qube Holdings takeover proposal, US Treasury’s economic outlook, Singapore inflation, China tech investments amid trade tensions, and increasing Chinese consumer brand expansion in Africa.