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Spain Condemns Israel’s New Death Penalty Law as Discriminatory Shift

                   Palestinians hold placards as they take part in a protest, in Ramallah in the Israeli-occupied West Bank. Spain’s Prime Minister Pedro Sánchez has sharply criticized Israel’s newly approved death penalty law, calling it “another step towards apartheid” due to its unequal application to Palestinians convicted in military courts.  The Israeli Knesset passed the legislation mandating death by hanging as the default sentence for Palestinians found guilty of deadly attacks. Critics argue that the law’s language effectively excludes most Israeli citizens—particularly Jewish Israelis—from facing the same punishment, despite identical offenses. Sánchez emphasized the asymmetry, stating that “same crime, different punishment” undermines justice and deepens systemic inequality. His remarks come amid an already tense diplomatic rift between Spain and Israel, intensified by Spain’s condemnation of Israeli actions du...
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Stocks Rise as Weak Economic Data Sink US Yields

                                        

Wall Street traders sent stocks higher and bond yields fell as a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year. In a shortened session ahead of the US holiday, the S&P 500 headed toward a fresh all-time high.

In summary:

  • The S&P 500 rose to around 5,520.
  • Tesla Inc. extended its rally into a seventh straight session.
  • Amazon.com Inc. fell.
  • Treasury 10-year yields fell seven basis points to 4.36%.
  • Swap traders project almost two rate cuts in 2024, with the first in November.
  • The dollar headed toward its biggest drop since mid-May.

Investors are closely watching Friday’s employment data for further insight into the state of the labor market. Economists anticipate a 190,000 gain in nonfarm payrolls, with the unemployment rate holding at 4%.


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