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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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S&P 500 Futures Retreat from 6,000 Milestone as Post-Election Rally Eases

 

Premarket Update: The S&P 500 futures have dipped below the 6,000-point mark, cooling off after a significant rally driven by Donald Trump’s presidential election victory and a recent interest rate cut by the Federal Reserve.

On Thursday, the S&P 500 futures surpassed the 6,000 milestone for the first time, buoyed by expectations of a more business-friendly regulatory environment under Trump’s administration and the Fed’s 25 basis point rate cut. However, the momentum has slowed as traders digest the implications of Trump’s proposed fiscal policies, which include expansive spending plans and potential tariff hikes.

Despite the slight pullback, the overall market sentiment remains positive. The Dow and S&P 500 are on track for their best week in nearly a year, while the Nasdaq is set for its best performance in two months. Investors are also keeping an eye on upcoming economic data, including the University of Michigan’s preliminary consumer sentiment survey for November and a speech by Federal Reserve Board Governor Michelle Bowman.

Michael Brown, a senior research strategist at Pepperstone, noted that strong earnings and economic growth, coupled with the Fed’s supportive stance, are expected to continue driving the market higher in the medium term. However, the path forward may be complicated by inflationary pressures stemming from Trump’s fiscal policies.

As the market adjusts to the new political landscape, traders have trimmed expectations for further rate cuts next year, leading to a rise in bond yields. The immediate impact on Wall Street has been relatively muted, with all three major indexes closing around record highs on Thursday.


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