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Futures Climb as Strong Jobs Data Refocuses Wall Street on Fed Policy

U.S. stock futures edged higher after a surprisingly strong jobs report reignited debate over the Federal Reserve’s next moves on interest rates. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq all posted early gains, signaling renewed confidence following a volatile stretch in the markets. The robust labor data underscored the economy’s resilience, but it also complicated expectations for near‑term rate cuts. A hotter‑than‑expected job market can give the Fed reason to keep borrowing costs elevated longer than investors had hoped. As a result, traders are now watching upcoming inflation readings and corporate earnings for clearer direction. Tech shares continued to draw attention, with some companies facing pressure from margin concerns even as enthusiasm around artificial intelligence remains strong. Market participants are preparing for additional economic data later in the week that could further shape the outlook for monetary policy and equity performa...
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Former Soccer Star Mikheil Kavelashvili Elected President of Georgia, Sparking Concerns Over EU Aspiration

 

In a significant political shift, former soccer player Mikheil Kavelashvili has been elected as the President of Georgia. This development has raised concerns about the country's future relationship with the European Union. Kavelashvili, 53, secured the presidency with the backing of the ruling Georgian Dream party, which holds a strong influence over the 300-seat electoral college that replaced direct presidential elections in 2017.

The election outcome is seen by many as a setback for Georgia's EU aspirations. The opposition has accused the Georgian Dream party of rigging the vote with Moscow's assistance, further straining the country's political landscape. Critics argue that the ruling party's policies are increasingly authoritarian and pro-Russian, which could hinder Georgia's efforts to integrate with the European Union.

Outgoing President Salome Zourabichvili, a pro-Western leader, has vowed to remain in office until a new election is held, citing the lack of legitimacy in the current parliamentary setup. The political turmoil has led to widespread protests and calls for new elections under conditions that ensure the will of the people is accurately represented.

Kavelashvili's presidency marks a pivotal moment for Georgia, as the nation navigates its path between European integration and maintaining relations with Russia. The coming months will be crucial in determining the direction of Georgia's political and international future.

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