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Iran Rejects Claims of Attacks on Cyprus

                                                          Iranian Foreign Ministry Spokesman Esmaeil Baghaei Iranian Foreign Ministry spokesman Esmaeil Baghaei has firmly denied reports that Iran launched any attacks toward Cyprus, Turkey, or Azerbaijan in recent days. Speaking at a press briefing, Baghaei stated that “no offensives were initiated from Iranian territory” and suggested that some of the alleged strikes may have been “staged” to create tension between Iran and neighboring countries.  Baghaei reiterated that Iranian forces did not fire drones or missiles at any of the three nations, countering accusations—particularly from Azerbaijan—that Iranian drones had crossed into its territory. He emphasized that Iran’s defensive actions should not be interpreted as hostility toward regional states and warne...
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US Futures Edge Higher Ahead of Key Economic Signals

US stock futures are pointing to a slightly higher open today as Wall Street gears up for a week full of crucial economic data signals. Here’s what investors need to know:

  • Futures Performance:

    • Futures tied to the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) both rose around 0.3%.
    • Dow Jones Industrial Average futures (YM=F) were up about 0.2%.

  • Market Volatility:

    • Last week was a rollercoaster ride for markets, leaving investors “on edge.”
    • Despite ending practically where they started, major indexes experienced significant volatility throughout the week.

  • Upcoming Data:

    • Wednesday: The Consumer Price Index (CPI) will provide fresh insights into inflation.
    • Thursday:
      • July’s retail sales data will offer a glimpse into the state of the US consumer.
      • Walmart (WMT) earnings will also be closely watched.

  • Fed Rate Cut Expectations:

    • Markets are interpreting good news as a positive sign, but volatility may hinge on the data signals.
    • The slowing economy has shifted the debate from whether the Federal Reserve should cut interest rates in September to how much they should cut.
    • Traders expect a 25-basis-point cut next month, while some anticipate a larger 50-basis-point cut.


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