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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...
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Israel Prepares for All Scenarios Amid Ceasefire Efforts

 


Israeli Defence Minister Yoav Gallant emphasized today that while Israel is not seeking to escalate the ongoing conflict, it is preparing for all possible scenarios. This statement comes as U.S. Secretary of State Antony Blinken continues to push for a ceasefire.

During a visit to air defense officers, Gallant praised the forces involved in a recent operation in Beirut, which targeted a Hezbollah commander responsible for a rocket attack that killed 12 children and teenagers in the Golan Heights. “The performance last night in Beirut was focused, high quality, and contained,” Gallant stated. He reiterated that Israel’s primary goal is to avoid further conflict but stressed the importance of being prepared for any developments.

Blinken, on his part, has been advocating for a ceasefire, hoping it will lead to a reduction in tensions not only in Gaza but also in Lebanon. The international community watches closely as both sides navigate this delicate situation, with hopes for a peaceful resolution remaining high.


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