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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...

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Moscow Warns U.S. Over Ukraine’s Use of Long-Range Weapons

 

In a significant escalation of tensions, Moscow has issued a stern warning to the United States following President Joe Biden’s authorization for Ukraine to use long-range ATACMS missiles to strike targets inside Russia. This decision marks a notable shift in U.S. policy, allowing Ukraine to extend its military reach beyond its borders.

The move comes amid ongoing conflict and heightened geopolitical tensions, with Russia expressing grave concerns over what it perceives as a direct threat to its national security. Russian officials have cautioned that this authorization could lead to a broader conflict, potentially drawing NATO into a more direct confrontation with Russia.

The U.S. decision follows extensive lobbying by Ukrainian officials, who argue that the ability to target strategic locations within Russia is crucial for their defense efforts. The authorization is seen as a response to recent developments, including North Korea’s reported support for Russia by sending troops to the region.

Ukrainian President Volodymyr Zelenskyy has remained measured in his public statements, emphasizing that actions will speak louder than words. Meanwhile, the international community watches closely, concerned about the potential for further escalation in an already volatile situation.


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