Skip to main content

Featured

Tariff Tensions Rattle Wall Street Ahead of Earnings and Inflation Data

Wall Street futures dipped Monday morning as investors braced for a volatile week marked by fresh tariff threats and a flood of economic data. President Donald Trump’s announcement of a 30% tariff on imports from the European Union and Mexico , set to begin August 1, sent ripples through global markets. Major U.S. index futures— Dow, S&P 500, and Nasdaq —were all down roughly 0.3% in premarket trading. While the EU signaled a willingness to negotiate, the looming deadline has heightened uncertainty. Analysts suggest the market’s muted reaction reflects a growing belief that such threats are part of Trump’s negotiation strategy. This week’s economic calendar is packed, with June’s Consumer Price Index (CPI)  report due Tuesday, followed by wholesale inflation, retail sales, and industrial production data. These figures will be closely watched for signs of how tariffs may be influencing inflation and consumer behavior. Meanwhile, second-quarter earnings season kicks off , with ma...
Post a Comment
Read more

article

Labels

Gaza Militants Fire Rockets Into Israel Amid Escalating Conflict

In a tense escalation of the ongoing conflict, Gaza militants from the Palestinian Islamic Jihad group launched a barrage of rockets into Israel on Monday. This move came as Israeli tanks continued their advance deeper into Gaza, intensifying the fighting in the region.

The armed wing of Islamic Jihad, an Iranian-backed ally of Hamas, stated that the rocket attacks were in response to “the crimes of the Zionist enemy against our Palestinian people.” Fortunately, the volley of approximately 20 rockets caused no casualties, according to the Israeli military.

Despite Israel’s offensive aimed at neutralizing threats, militants in some parts of Gaza persistently target Israeli forces in areas previously vacated by the army. On Monday, Israeli tanks extended their incursions into the Shejaia suburb in eastern Gaza City for a fifth consecutive day. Additionally, tanks advanced further in western and central Rafah, near the border with Egypt.

As the conflict continues, casualties mount, and the heavily built-up coastal enclave lies in ruins, the situation remains highly volatile. Israel has signaled that its operation in Rafah, meant to suppress Hamas, will soon conclude. After this intense phase of the war, Israeli forces plan to focus on smaller-scale operations to prevent Hamas from reassembling.

The conflict began when Hamas-led fighters infiltrated southern Israel in October, resulting in significant loss of life and hostages taken back into Gaza. Israel’s counteroffensive has been devastating, with both combatants and civilians affected. The situation remains precarious, and international attention remains fixed on the region as tensions persist.


Labels:

Comments

Post a Comment