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UK's Strategic Move: Britain Signals Possible Support for Israel Amid Iran Conflict

The United Kingdom has hinted at potential support for Israel in its ongoing conflict with Iran, though officials emphasize that recent military deployments are primarily precautionary. British Chancellor of the Exchequer Rachel Reeves stated on Sunday that additional military jets were sent to the Middle East to protect British bases and personnel. The escalation between Israel and Iran saw fresh attacks overnight, with Israeli Prime Minister Benjamin Netanyahu warning that Iran would face intensified strikes in the coming days. Speaking to Sky News, Reeves called for de-escalation but acknowledged that Britain has previously assisted Israel in defending against missile attacks. "We have, in the past, supported Israel when there have been missiles coming in," she said, adding that the UK is deploying assets both for its own protection and potentially to support allies. Britain has played a role in defending Israel before. Last year, British aircraft intercepted Iranian drone...
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Market Jitters: Dow, S&P 500, Nasdaq Futures Slip Amid Walmart Earnings and Retail Sales Data

Wall Street is facing a cautious start as Dow, S&P 500, and Nasdaq futures all dipped early Thursday. Investors are closely watching Walmart’s earnings report and retail sales data, which could provide key insights into the health of the U.S. economy.

Walmart (WMT), the retail giant, reported mixed earnings, citing the impact of tariffs on pricing strategies. While the company posted a quarterly sales beat, it withheld second-quarter guidance, raising concerns about future consumer spending. 

Meanwhile, April’s retail sales data is under scrutiny as economists assess whether consumer spending remains resilient amid shifting trade policies. The Producer Price Index (PPI), another crucial economic indicator, is also set for release, offering a glimpse into inflation trends.

Federal Reserve Chair Jerome Powell is expected to speak later today, and investors will be listening for any hints on interest rate policy amid ongoing tariff uncertainties. 

With oil prices tumbling and tech stocks coming off a six-day winning streak, market sentiment remains fragile. Traders are bracing for potential volatility as they digest economic data and corporate earnings.

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