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Farmers’ Fury Erupts in Greece Over EU Subsidy Delays

                                         Protesting farmers push against riot police in Nikaia, near Larissa, Greece    Greek farmers clashed with police on Sunday in central and northern regions of the country as anger mounted over the delayed payment of European Union agricultural subsidies. The protests, centered around Nikaia near Larissa, saw hundreds of farmers blocking highways with tractors and demanding immediate government action. The unrest stems from an estimated €600 million shortfall in EU aid following a corruption scandal that has triggered investigations by the European Public Prosecutor’s Office. Authorities allege that some farmers falsified land and livestock ownership records to secure subsidies, leading to a freeze in payments while the probe continues. Police responded with tear gas and barricades as demonstrators attempted to...
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U.S. Futures Edge Higher Amid Trump Rally and Anticipation of Fed’s Rate Decision

 

U.S. stock futures are showing modest gains following a significant rally sparked by Donald Trump’s return to the presidency. Investors are now keenly awaiting the Federal Reserve’s upcoming interest rate decision.

Market Reaction:

The markets have reacted positively to Trump’s victory, with expectations of lower corporate taxes and deregulation driving the rally. The Dow, S&P 500, and Nasdaq all saw substantial gains, with the Dow E-minis up 82 points (0.18%), S&P 500 E-minis up 11.5 points (0.19%), and Nasdaq 100 E-minis up 49 points (0.23%) in premarket trading.

Federal Reserve’s Decision:

Traders are largely anticipating a 25-basis point rate cut from the Federal Reserve. The central bank’s policy statement will be closely scrutinized for any indications of future monetary easing. The market’s focus is also on whether the Republican party will maintain control of the House of Representatives, which could further influence economic policies.

Investor Sentiment:

Investor sentiment remains cautiously optimistic. While some stocks that surged post-election have given back gains, others like Qualcomm have continued to perform well. The VIX, Wall Street’s “fear gauge,” is trading at a six-week low, indicating reduced market volatility.

As the day progresses, all eyes will be on the Federal Reserve’s announcement and its potential impact on the markets.


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