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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...

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Poland’s Political Landscape Shifts as Nawrocki Wins Presidency

 

Poland’s political trajectory took a sharp turn as nationalist opposition candidate Karol Nawrocki secured victory in the presidential election, dealing a significant blow to the pro-European government of Prime Minister Donald Tusk. Nawrocki won 50.89% of the vote, narrowly defeating liberal Warsaw Mayor Rafal Trzaskowski, who garnered 49.11%.

Nawrocki’s triumph signals potential political gridlock, as he is expected to wield his presidential veto against Tusk’s liberal policy agenda, particularly efforts to reverse judicial reforms enacted by the previous nationalist Law and Justice (PiS) government. His presidency is likely to reinforce Poland’s eurosceptic stance, a position that has drawn praise from nationalist leaders across Europe.

The election result has already impacted financial markets, with Poland’s blue-chip stock index dropping over 2% and the zloty currency weakening against the euro. Nawrocki’s campaign focused on prioritizing Polish sovereignty, limiting foreign influence, and ensuring economic policies favor Polish citizens over refugees, particularly those from Ukraine.

With Poland’s parliament holding most legislative power, Nawrocki’s presidency will be closely watched for its influence on foreign policy, judicial reforms, and social issues. His victory underscores the deep political divide within Poland, as voters remain split between nationalist and pro-European visions for the country’s future.

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