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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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China's Bold Counterstrike in Escalating Trade War

China has intensified the global trade war by imposing sweeping tariffs of 34% on all U.S. goods, marking a significant escalation in its economic standoff with the United States. This move comes in response to President Donald Trump's recent "Liberation Day" tariffs, which raised U.S. tariff barriers to unprecedented levels. Beijing's retaliatory measures also include export controls on rare earth materials and the addition of several entities to its "unreliable entity" list.

The repercussions of this trade war are reverberating across global markets, with fears of a recession looming large. Major stock indices have suffered sharp declines, and investment banks are warning of a potential contraction in global trade volumes. As tensions rise, the World Trade Organization has been drawn into the fray, with China filing a lawsuit against the U.S. over its tariff policies.

This escalating conflict underscores the fragility of international trade relations and raises questions about the long-term impact on the global economy. Will cooler heads prevail, or is this just the beginning of a prolonged economic battle? Only time will tell.

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