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Syria's Deadliest Days: Over 1,000 Killed in Clashes and Revenge Killings

In a tragic escalation of violence, over 1,000 people have lost their lives in Syria during two days of intense clashes and revenge killings. The conflict erupted between Syrian security forces and loyalists of ousted President Bashar al-Assad, with sectarian violence targeting the Alawite community, a key support base of the former regime. The Britain-based Syrian Observatory for Human Rights reported that the death toll includes 745 civilians, 125 government security personnel, and 148 militants. The violence has left areas like Latakia without electricity and water, further deepening the humanitarian crisis. The revenge killings, primarily carried out by Sunni Muslim gunmen, have devastated Alawite villages, with reports of targeted shootings, looting, and arson. Thousands have fled to the mountains seeking safety, while bodies remain unburied in the streets of towns like Baniyas. This marks one of the deadliest episodes in Syria's 14-year conflict, raising fears of further inst...
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Earnings Optimism Lifts Stocks at Start of Fed Week

 

Stock markets around the world are riding the wave of earnings optimism as traders gear up for a busy week of company results. Here are the key highlights:

Asian Stocks Rise, Yen in Focus

  • Asian stocks climbed, following the rally in US markets after an inflation reading eased concerns about a more hawkish Federal Reserve.
  • Equities in Australia and South Korea opened higher, while the Japanese stock market remained closed for a holiday.
  • US futures nudged higher after the S&P 500 rose 1% on Friday.
  • Yen traders are closely monitoring efforts to support the currency, which is currently at its weakest level in more than three decades.

Tech Earnings and Global Stocks

  • Asian technology stocks may see movement in early trading after strong earnings reports from Microsoft Corp. and Google’s parent, Alphabet Inc. These results underscore the value of investments in artificial intelligence and cloud computing.
  • The rally in tech shares has helped mitigate the global stock market’s decline this month (the first monthly loss since October). Concerns over lingering inflation pressures and geopolitical tensions in the Middle East have weighed on investor sentiment.
  • While the recent correction may be over, there remains a risk that it’s merely a bounce from oversold conditions. However, stocks are likely to see further gains as disinflation resumes, central banks maintain high interest rates, and recession risks remain low.

Fed Meeting in Focus

  • Traders are closely watching the Federal Reserve’s policy meeting scheduled for Wednesday. The central bank’s preferred measure of inflation rose briskly in March, roughly in line with estimates.
  • While officials are expected to keep rates steady at a more than two-decade high, the focus will be on any shift in the tone of the post-meeting statement and Chair Jerome Powell’s press conference.
  • Societe Generale economists suggest that the FOMC will likely row back from earlier predictions of meaningful policy easing this year, given the recent acceleration in US consumer prices.

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