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Tehran Rocked by Renewed Israeli Strikes as Iran’s Leadership Council Assumes Control

  A woman reacts as she holds a placard with an image of Iranian late Supreme Leader Ayatollah Ali Khamenei, at a rally in solidarity with Iran after U.S. and Israeli strikes killed Ali Khamenei, in Beirut, Lebanon. Israel has launched another wave of airstrikes on Tehran, intensifying a rapidly escalating regional crisis just one day after the assassination of Iran’s Supreme Leader, Ali Khamenei. According to multiple reports, Israeli officials said the renewed strikes were intended to maintain air dominance as Iran faces its most significant leadership vacuum in decades.  The power void left by Khamenei’s killing has prompted Iran to activate a leadership council to stabilize governance. Inside the country, reactions have been sharply divided—some mourning the long‑time leader, others openly celebrating his death, revealing deep internal fractures.  The military confrontation has widened beyond Iran’s borders. Iran has retaliated with missile barrages targeting Israe...
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U.S. Futures Steady as Investors Await Economic Data and Powell’s Speech

 

U.S. stock index futures remained largely unchanged on Thursday morning as investors awaited key economic data and a speech by Federal Reserve Chair Jerome Powell. The producer price index (PPI) for October and weekly jobless claims data are expected to be released at 8:30 a.m. ET, which could provide insights into corporate pricing power and the broader economic outlook.

Market participants are also keenly anticipating Powell’s comments later in the day, hoping for clues on future monetary policy. Traders are currently pricing in a high probability of a 25-basis point interest rate cut at the Fed’s December meeting, following recent consumer price index data that aligned with forecasts.

In premarket trading, Dow E-minis were up 0.19%, S&P 500 E-minis rose 0.09%, and Nasdaq 100 E-minis edged up 0.04%. Shares of cryptocurrency-focused companies saw gains, with Coinbase Global up 3.8% and bitcoin buyer MicroStrategy rising 3.4%.

Investors will be closely monitoring Powell’s speech for any indications of how the Fed plans to navigate the current economic landscape, especially in light of inflationary pressures and potential policy shifts under the incoming administration.


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