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New Diplomacy on the Horizon: U.S. and Russia Push Ahead Without Ukraine

  In a bold shift from previous diplomatic efforts, top U.S. and Russian officials have agreed to advance negotiations aimed at ending the war in Ukraine—even as Ukrainian representatives remain notably absent. High-level talks held in Riyadh, Saudi Arabia, saw U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov discussing the framework for future peace negotiations and steps toward restoring bilateral relations. The Trump administration’s approach, which prioritizes direct engagement with Moscow, marks a departure from longstanding principles that insisted on “nothing about Ukraine without Ukraine.” Critics in Kyiv have voiced strong opposition. Ukrainian President Volodymyr Zelenskyy warned that any agreement reached without Ukraine’s participation would be unacceptable and would undermine the nation’s sovereignty. European leaders echoed these concerns, with several officials labeling the move as a dangerous precedent that could lead to a “dirty deal...

US Futures Steady Near Records as Fed Rate Cut Looms

                                            

Investors are closely monitoring US futures as the Federal Reserve signals an impending interest-rate cut. Here are the key highlights:

  • Market Overview:

    • US stocks inched higher on Tuesday, with the Dow Jones Industrial Average futures trading little changed after surpassing 40,000 points for an all-time closing high.
    • Futures on the S&P 500 were up 0.1%, while Nasdaq 100 futures edged up 0.2%.
    • Earnings season is in full swing, with Bank of America and Morgan Stanley reporting. BofA’s quarterly profit beat estimates, while MS saw signs of an investment banking revival.
    • Results from Morgan Stanley, Charles Schwab, and UnitedHealth are also on today’s docket.
  • Fed Rate Cut Expectations:

    • Federal Reserve Chair Jerome Powell’s recent remarks have boosted faith in a rate cut, likely in September. However, he avoided specifying timing.
    • Some lawmakers caution that a Fed pivot before the November presidential election could be seen as partisan.
    • Meanwhile, political developments continue to impact the market, with former President Donald Trump’s candidacy gaining momentum.
  • Retail Data and Price Pressures:

    • Investors are closely watching today’s retail sales data for clues on inflation and price pressures.

Stay tuned for further updates as the market navigates these dynamics.


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