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Turkey Issues Renewed Airspace Alert Amid Rising Tensions Over Cyprus

                                                         A Turkish F-16 Turkey has issued a new aviation notice warning of potential military activity in the airspace around northern Cyprus, escalating an ongoing exchange of airspace advisories between the island’s two sides.   Turkey has released a fresh Notice to Airmen (Notam) signaling possible military operations in the airspace surrounding Ercan (Tymbou) airport in northern Cyprus. The advisory follows a series of competing Notams issued earlier in the week by both Turkish Cypriot and Greek Cypriot authorities, reflecting heightened tensions over control and jurisdiction of the island’s airspace. According to reports, the new Turkish Notam will remain in effect until April 12 and may become active during periods of potential military activity. Notams are es...
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Wall Street Futures Dip as Holiday-Shortened Week Concludes

 

 U.S. stock index futures fell on Friday as Wall Street wrapped up a holiday-shortened week. The Dow Jones Industrial Average futures dropped 119 points (0.27%), while S&P 500 futures declined by 22 points (0.36%). Futures tracking the tech-heavy Nasdaq 100 also fell by 92.25 points (0.42%).

Despite the dip, the S&P 500 has nearly recovered from last week's losses, driven by the U.S. Federal Reserve's projection of fewer interest rate cuts in 2025. The benchmark index is now just 1% below its all-time high reached on December 6.

Investors are now eyeing the "Santa Claus rally," a traditional stock-buying season in the last five trading sessions of December and the first two of January. Historically, the S&P 500 has climbed 1.3% on average during this period since 1969.

Trading volumes have been lower than average this week and are expected to remain subdued until January 6. The next major focus for markets will be the December employment report due on January 10.




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