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Wall Street Futures Rise on Bank Earnings and Rate-Cut Optimism

U.S. stock futures climbed Wednesday as strong bank earnings and renewed hopes for Federal Reserve rate cuts helped ease investor concerns over U.S.-China tensions. The Dow Jones Industrial Average gained over 200 points in premarket trading, while the S&P 500 and Nasdaq 100 also advanced, buoyed by optimism surrounding the start of earnings season. Bank of America reported a 23% jump in profit, joining other major lenders in posting robust results that reassured markets about the financial sector’s resilience. Investors are also betting on potential interest-rate cuts as the Federal Reserve faces mounting pressure to support growth amid trade frictions and a prolonged U.S. government shutdown. The combination of strong corporate performance and policy optimism has lifted sentiment after a volatile session earlier in the week. Global markets mirrored the upbeat tone, with Asian and European equities edging higher, while the dollar weakened and gold prices steadied. Analysts ...
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Ursula von der Leyen Secures Second Term as European Commission President

 

In a decisive vote, Ursula von der Leyen has been re-elected for a second five-year term as President of the European Commission. The European Parliament’s decision ensures continuity in leadership for the European Union’s executive branch during a period marked by significant challenges and transformations.

Von der Leyen, who hails from the centre-right European People’s Party, secured 401 votes in a secret ballot, surpassing the required 361 votes. Her re-election was supported by the three main pro-EU groups: the European People’s Party, the Socialists, and the liberals of Renew Europe.

In her acceptance speech, von der Leyen emphasized her commitment to addressing the pressing issues facing the EU, including the ongoing war in Ukraine, climate change, and migration. She pledged to strengthen the EU’s economy, enhance its police and border agencies, and pursue policies that balance environmental sustainability with the needs of farmers.

Von der Leyen’s leadership has been pivotal in navigating the EU through crises and her re-election is seen as a vote of confidence in her ability to continue steering the bloc towards stability and progress.


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