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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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Pressure Mounts for Inquiry Into Israeli Troops Firing on Gazans Waiting for Aid

 

France and Germany have joined the chorus of voices calling for an independent inquiry into the tragic incident where Israeli troops opened fire on Palestinians awaiting aid in Gaza. The gravity of this event cannot be overstated, and it has the potential to significantly impact Israel’s international standing.

On Thursday, near Gaza City, Israeli forces reportedly killed more than 100 Palestinians who were desperately waiting for relief supplies. The situation unfolded as a convoy of aid trucks approached, and civilians gathered in hope of receiving essential provisions. However, tragedy struck when Israeli troops allegedly fired upon the crowd.

The incident sheds light on the dire humanitarian situation in Gaza. The coastal territory has been grappling with shortages of food, clean water, and medical supplies. The United Nations has issued warnings about an impending famine, affecting approximately 300,000 people in northern Gaza.

French President Emmanuel Macron expressed “deep indignation” and condemned the shootings. France stands firmly behind the call for an independent investigation, echoing the sentiments of U.N. Secretary-General Antonio Guterres. Germany’s Foreign Minister Annalena Baerbock demanded answers, emphasizing that the Israeli army must explain how such a tragedy occurred.

Even the United States, Israel’s closest ally, has urged a thorough inquiry. The incident underscores the urgent need for expanded humanitarian aid to reach Gaza, where lives hang in the balance.

As the world grapples with the aftermath of this devastating event, opinions vary. Some believe it could be a turning point, exerting international pressure on Israel. The haunting image of desperate civilians, including women and children, pouncing on food only to be met with gunfire, resonates globally. Israel’s legitimacy in continuing the conflict may face scrutiny.

In the midst of geopolitical tensions, the call for justice and accountability reverberates. The world watches closely as the delicate balance between humanitarian imperatives and political realities unfolds.


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