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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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Torrential Downpour Disrupts Life on Greek Islands

Severe rainstorms wreaked havoc on the Greek islands of Mykonos and Paros, leading to the closure of schools and kindergartens. The torrential rain, accompanied by hailstorms, caused significant flooding, turning roads into rivers and stranding vehicles. Authorities in Paros reported extensive damage to infrastructure, with Mayor Costas Bizas describing the devastation as occurring within just two hours. Emergency crews worked tirelessly to clear debris and rescue stranded residents.

The extreme weather also impacted nearby islands, prompting civil protection authorities to issue warnings and enforce safety measures. Scientists attribute the increasing frequency of such events to climate change and rising global temperatures. 

The islands, known for their idyllic summer tourism, now face the challenge of recovery and rebuilding.

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