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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.

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Israel Will Defend Itself, Netanyahu Says, Amid Calls for Restraint


In the wake of Iran’s unprecedented missile and drone attack, Israeli Prime Minister Benjamin Netanyahu has asserted that Israel will make its own decisions regarding how to respond. This statement comes despite pleas from Western countries urging restraint. The situation has escalated tensions in the region, with world powers striving to prevent further conflict.

The recent attacks by Iran involved hundreds of missiles and drones, marking the first time Iran has directly targeted Israel after decades of proxy confrontations. The strikes were in response to a presumed Israeli airstrike on Iran’s embassy compound in Damascus, which resulted in casualties among Iranian officers. Israel’s military successfully intercepted most of the missiles and drones, causing minimal damage and no fatalities. However, Israel maintains that it must retaliate to uphold the credibility of its deterrents.

British Foreign Minister David Cameron, during his visit to Jerusalem, emphasized the need for Israel to act in a way that minimizes escalation. Western governments are also considering economic sanctions against Iran to influence Israel’s response. The Group of Seven democracies is discussing coordinated sanctions, and the United States plans to impose new sanctions targeting Iran’s missile and drone program. European Union foreign policy chief Josep Borrell has similarly called for expanded sanctions against Iran.

As the situation unfolds, Israel’s war cabinet, including centrist rivals brought into the government after Hamas attacked Israel, will convene to discuss the country’s response. The international community watches closely, hoping for a de-escalation while recognizing the delicate balance between self-defense and restraint in this volatile context.



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