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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Ceasefire Chaos: Russia and Ukraine Exchange Blame Over Infrastructure Attacks

In the aftermath of a high-profile phone call between Russian President Vladimir Putin and U.S. President Donald Trump, tensions between Russia and Ukraine have escalated further. The two nations have traded accusations of launching infrastructure attacks, despite an agreement to temporarily halt strikes on energy facilities.

The call, which aimed to establish a limited ceasefire, saw Putin agreeing to pause attacks on Ukrainian energy infrastructure. However, the ceasefire fell short of the 30-day truce proposed by Trump. Ukrainian President Volodymyr Zelenskyy had initially supported the broader ceasefire but later endorsed the limited agreement.

Hours after the call, reports emerged of drone strikes and missile attacks targeting civilian and energy infrastructure in both countries. Ukrainian officials claimed that Russian forces launched over 40 drones, damaging hospitals and homes in regions like Sumy and Kyiv. Meanwhile, Russian authorities accused Ukraine of sabotaging the ceasefire by targeting an oil depot in the Krasnodar region.

The situation underscores the fragility of ceasefire agreements in the ongoing conflict, with both sides accusing each other of undermining peace efforts. As the international community watches closely, the path to a lasting resolution remains uncertain.

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