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Missile Strikes and Political Deadlock Deepen Middle East Crisis

      Israelis take shelter in underground car parks as sirens sound in Tel Aviv. Iran launched a large wave of missiles at Israel early on March 5, forcing millions of Israelis into bomb shelters as the conflict between the U.S., Israel, and Iran entered its sixth day. The strikes intensified an already volatile situation, with explosions reported across multiple regions and tensions rising along the Israel‑Lebanon border.  In Washington, efforts to curb the U.S. air campaign were halted when Republican senators blocked a motion that would have required congressional authorization for continued military action. The vote leaves the administration’s war powers largely intact as the conflict widens across the Middle East.  The escalation has drawn global concern as both sides exchange strikes—Israel responding with attacks on targets in Tehran and Iran continuing its missile barrage. With diplomatic channels strained and regional actors increasingly drawn in, th...
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US Futures Rise as Inflation Cools Unexpectedly

                                            

US stock futures are on the rise today after a key report on consumer inflation surprised investors. The Consumer Price Index (CPI) declined 0.1% over the previous month, marking the first month-over-month decrease since 2020. Additionally, the annual gain in consumer prices was the slowest rise since early 2021, coming in at just 3.0% over the prior year in June.

Here are the highlights:

  • S&P 500 Futures: The broad index crossed 5,600 for the first time on Wednesday, and futures rose by 0.2% today.
  • Dow Jones Industrial Average Futures: These rose roughly 0.1%.
  • Nasdaq 100 Futures: Contracts on the tech-heavy Nasdaq 100 also gained around 0.2%.

Fed Chair Jerome Powell’s recent comments have fueled expectations of interest-rate cuts, and today’s inflation data further bolstered bets on a cut by September. Approximately 87% of traders now expect such an outcome, according to the CME FedWatch tool.

In corporate news, Costco shares rose in pre-market trading after announcing its first membership fee hike since 2017. This move is seen as reflecting price pressures on consumers. Meanwhile, PepsiCo and Delta Air Lines reported earnings, setting the stage for big bank earnings in the second quarter.

Stay tuned for more updates as the market continues to react to economic data and corporate earnings.


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