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Slovakia Warns of Power Cut to Ukraine Amid Dispute Over Russian Oil Transit

                                                       Slovakia's Prime Minister Robert Fico A diplomatic rift has emerged between Slovakia and Ukraine after Bratislava warned it may halt electricity exports to its eastern neighbor unless Kyiv resumes the flow of Russian oil through the Druzhba pipeline. The dispute centers on transit fees and operational conditions that Ukraine oversees as the pipeline crosses its territory. Slovakia, heavily dependent on Russian crude for its key refinery in Bratislava, argues that any disruption threatens its energy security and economy. Ukrainian officials, however, maintain that their actions comply with existing regulations and reflect broader efforts to reduce reliance on Russian energy amid the ongoing conflict. The standoff highlights the fragile interdependence of Central and Ea...
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US Futures Dip as Investors Seek Inspiration


The US stock market futures are showing a slight decline today as investors search for inspiration amid mixed signals. Let’s break down the key points:

  1. Rate-Cut and AI Growth Hopes Take a Hit:

    • The recent optimism surrounding rate cuts and artificial intelligence (AI) growth has waned. Federal Reserve officials have emphasized that interest rates will remain higher for longer due to persistent inflation concerns.
    • High yields on 10-year Treasury bonds have weighed on growth stocks, particularly megacap Big Tech companies.

  2. Arm’s Revenue Forecast Dampens AI Enthusiasm:

    • Arm, a major chip designer, provided a downbeat annual revenue forecast. This has cast doubt on the AI growth narrative that had previously boosted chip stocks.
    • Shares of Arm dropped 9% in pre-market trading, and sector peers Nvidia and AMD also saw slight declines.

  3. Earnings Season Continues:

    • Warner Bros. Discovery reported earnings that missed estimates, failing to provide support for investors seeking positive catalysts.
    • Other companies, including Roblox and Yelp, are also reporting earnings today as the season winds down.

  4. Macro Front Updates:

    • Keep an eye on weekly jobless claims data, which is due later today.
    • San Francisco Fed Chief Mary Daly is scheduled to speak, potentially providing further insights.

In summary, the stock market remains cautious, with investors closely monitoring earnings reports and macroeconomic indicators. The path forward depends on how various factors play out in the coming days.


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