Skip to main content

Featured

Kyiv Rejects Pressure to Surrender More Donbas Territory

  The Ukrainian delegation on the first day of the third round of the trilateral talks (with the US and Russia) in Geneva. Ukraine has firmly dismissed suggestions that it should concede additional territory in the Donbas region, despite reported pressure from the United States to consider territorial compromises as part of potential negotiations with Russia. Ukrainian officials reiterated that any settlement requiring the country to relinquish more land is unacceptable and incompatible with the principles of sovereignty and international law. Kyiv maintains that yielding territory would reward aggression and undermine long‑term security not only for Ukraine but for Europe as a whole. Ukrainian leaders argue that Russia’s continued military operations demonstrate that concessions would not bring peace, only encourage further demands. The U.S. has not publicly confirmed any push for territorial compromise, though some American officials have reportedly floated negotiation scenari...
Post a Comment
Read more

article

Labels

Stock Market Today: S&P 500 Breaches 5,300 as Stocks Rally to Records After CPI

 


U.S. stocks rallied on Wednesday, with all three major indexes closing at record highs. A soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected.
  • The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever.
  • The Dow Jones Industrial Average jumped about 0.9%, creeping closer toward the 40,000 level.
  • The tech-heavy Nasdaq Composite climbed about 1.4%, notching its second record close in as many days.

The Consumer Price Index rose 0.3% over the previous month and 3.4% over the prior year in April, a deceleration from March. “Core” inflation, which strips out the cost of food and gas, also cooled. This relatively cool inflation reading led the 10-year Treasury yield to fall 4.35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. Around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago.

Stocks have ground higher amid rekindled confidence that the U.S. economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

Elsewhere on the macroeconomic front, retail sales fell flat last month, coming in well short of Wall Street’s expectations.

In summary, the stock market continues to surge, and investors are closely watching inflation data and Fed policy decisions.


Labels:

Comments

Post a Comment