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Blast at Islamabad Mosque Leaves Dozens Dead

                    Blood stains at the site of a deadly explosion at a Shi'ite Muslim mosque in Islamabad, Pakistan A suicide bomber detonated explosives inside a crowded Shi’ite mosque in Islamabad, killing 31 people and injuring many others during Friday prayers. The attack struck the Tarlai neighborhood, where worshippers had gathered in large numbers, turning a moment of devotion into chaos and devastation. Witnesses described a powerful blast that shattered windows, collapsed parts of the structure, and left victims trapped beneath debris. Emergency teams and local residents worked together to rush the wounded to nearby hospitals, where several remain in critical condition. Authorities have heightened security across the capital as investigators work to determine how the attacker breached the area and whether others were involved. The bombing marks one of the deadliest assaults in the city in years and has intensified ...
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US Futures Rise After Strong February Jobs Report

 


In a positive turn of events, US stock futures remained steady after the release of the February jobs report. The report revealed that the US economy added 275,000 jobs, surpassing Wall Street expectations once again. However, there was a slight increase in the unemployment rate, ticking up to 3.9%, marking its first rise in four months.

Key Takeaways:

  • Job Growth: The economy demonstrated robust job growth, reflecting resilience despite recent challenges.
  • Federal Reserve Implications: The slowdown in job additions could prompt the Federal Reserve to consider interest rate cuts as a preventive measure against rising unemployment.
  • Investor Sentiment: Investors are closely monitoring the data, anticipating the Fed’s response and its impact on the markets.

Market Outlook:

  • S&P 500 and Nasdaq 100: Futures for these indices edged up shortly after 5 a.m. ET, signaling a positive start to the trading day.
  • Dow Jones Industrial Average: Despite some initial weakness, the Dow was poised to shed about 40 points.
  • London’s FTSE 100: The blue-chip index experienced a 0.4% decline in morning trading.
  • Chipmakers: AI darling Nvidia continued its winning streak, rising 3% in premarket trading in New York.

Investors will closely watch the non-farm payrolls report, which tracks the number of jobs added last month. Economists predict a slowdown from 353,000 to 200,000 jobs, potentially influencing the Fed’s decision on interest rates2. Fed Chair Jerome Powell emphasized the need for more data and a sustained cooling of inflation before any rate adjustments.

As the markets open, all eyes are on the employment data, shaping the trajectory of financial decisions in the coming days. Stay tuned for further updates!


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