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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower. Market Overview Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading. The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum. Gold and silver continued their rally, with both metals on pace for their best year in over four decades. Economic Data Impact The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast. Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter. The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets. Investor Sentiment Traders are recalib...
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Hamas Sticks to Demand for Gaza Truce Deal Implementation

 

 Amid ongoing conflict, Hamas remains steadfast in its position regarding Gaza truce talks. The Palestinian militant group insists that negotiations should focus on a deal already discussed with Israel and mediators, rather than starting anew. Israeli airstrikes, which recently claimed the lives of at least 19 Palestinians in the enclave, have intensified the urgency for a resolution.

The United States expressed optimism that peace talks scheduled for Thursday would proceed as planned, emphasizing the possibility of a ceasefire agreement. U.S. Secretary of State Antony Blinken is set to engage in discussions in Qatar, Egypt, and Israel. While the Israeli government confirmed its delegation’s participation, Hamas seeks a workable plan to implement a proposal it has already accepted, rather than engaging in further talks.

In the densely populated Deir Al-Balah, where many are desperate for a truce, Israeli airstrikes continue to exact a heavy toll. The conflict, now spanning 10 months, has resulted in nearly 40,000 Palestinian deaths, including commanders and fighters. A potential ceasefire deal aims to end hostilities in Gaza and secure the release of Israeli hostages held by Hamas in exchange for Palestinian prisoners in Israeli custody.

However, Israeli Prime Minister Benjamin Netanyahu maintains that the war can only end when Hamas is eradicated. As the situation remains tense, the international community watches closely, urging a swift resolution to prevent further loss of life.


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