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Turkey to Host Urgent Talks on Gaza Ceasefire Amid Fears of Renewed Violence

                                              Israeli military personnel operate on the Israeli side of the Israel-Gaza border Turkey announced that it will host a high-level meeting in Istanbul on Monday to address the fragile ceasefire in Gaza and discuss next steps for stability in the region. Turkish Foreign Minister Hakan Fidan confirmed that foreign ministers from several Muslim-majority countries will attend. The gathering comes amid growing concerns that the current ceasefire may not hold, with discussions expected to focus on the creation of a Gaza stabilization force and broader efforts to ensure long-term peace. Fidan emphasized that the talks will evaluate how to move into a “second stage” of the peace process, which could involve international cooperation on security and humanitarian measures. Countries invited to the meeting include...
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Stock Market Update: S&P 500 and Nasdaq Futures Rise After CPI Surprise

 

Investors are closely monitoring the stock market today as S&P 500 and Nasdaq futures show upward momentum following a surprising inflation report. Here are the key highlights:

  1. CPI Surprise: The Consumer Price Index (CPI) for February revealed a 3.2% year-over-year increase in consumer prices, indicating elevated inflation. This data is crucial for the Federal Reserve’s upcoming interest rate decision.

  2. Boeing Issues Impact Southwest: Southwest Airlines (LUV) announced capacity cuts due to ongoing problems with Boeing’s (BA) 737 Max planes. Investors are closely watching how this development affects the airline industry.

  3. Oracle’s Strong Earnings: Tech giant Oracle (ORCL) reported better-than-expected fiscal third-quarter earnings. Additionally, Oracle teased an upcoming announcement with chipmaker NVIDIA (NVDA), driving its stock price higher.

  4. Market Expectations: The CPI release influences market expectations regarding the timing of a potential Federal Reserve interest-rate cut. The “core” CPI, which excludes food and energy prices, rose by 0.4% in February and 3.1% year-on-year, surpassing estimates.

  5. Bitcoin Continues Rally: Bitcoin (BTC-USD) reached a record high of $72,120, driven by surging inflows into crypto assets. Some predict bitcoin could reach as high as $350,000 this year.

  6. Corporate Developments: Oracle’s cloud computing progress and collaboration with NVIDIA are boosting investor confidence.


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