Skip to main content

Featured

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.
Post a Comment
Read more

article

Labels

UK Boosts Ukraine’s Defense with Largest-Ever Aid Package

 


In a significant move to support Ukraine amid the ongoing conflict with Russia, the United Kingdom has announced its largest-ever military aid package to the country. Prime Minister Rishi Sunak revealed that the aid includes a substantial supply of long-range missiles and other critical equipment.

Here are the key details:

  1. Storm Shadow Missiles: The UK will send additional Storm Shadow long-range missiles to Ukraine. These precision-guided cruise missiles have a firing range of over 250 kilometers (155 miles). Alongside these missiles, Britain is also providing more than 1,600 strike and air defense missiles.

  2. Total Aid Amount: The aid package amounts to £500 million ($620 million) in new spending. This brings the total UK military aid to Ukraine for this financial year to an impressive £3 billion.

  3. Strategic Importance: Prime Minister Sunak emphasized the importance of defending Ukraine against Russia’s aggression. He warned that if Russian President Vladimir Putin succeeds in this war, it won’t stop at Ukraine’s borders. The aid aims to bolster Ukraine’s security and contribute to stability in Europe.

  4. Additional Support: In addition to missiles, the UK will procure drones for Ukraine and scale up domestic defense supply chains. The package also includes more than 400 vehicles, including armored vehicles and boats.

UK’s commitment to Ukraine’s security highlights the significance of this unprecedented military assistance. The Storm Shadow missiles and other equipment underscore the UK’s determination to stand by Ukraine during this critical time.


Labels:

Comments

Post a Comment