 |
|
|
|||||
Stocks rallied and oil prices fell Tuesday after U.S. President Donald Trump announced what appears to be a shaky ceasefire in the Israel-Iran war.The tentative truce proposed by Trump remained uncertain after Israel said Iran had launched missiles into its airspace less than three hours after the ceasefire went into effect. It vowed to retaliate.Still, investors took heart after Trump said Israel and Iran had agreed to a “complete and total ceasefire” soon after Iran launched limited missile attacks Monday on a U.S. military base in Qatar, retaliating for the American bombing of its nuclear sites over the weekend.“The Middle East may still be smoldering, but as far as markets are concerned, the fire alarm has been shut off,” Stephen Innes of SPI Asset Management said in a commentary.The future for the S&P 500 gained 0.8% while that for the Dow Jones Industrial Average rose 0.7%. In morning trading Europe time, Germany’s DAX leaped 1.8% to 23,693.13, while the CAC 40 in Paris added 1.2% to 7,625.20. Britain’s FTSE 100 was up 0.3% at 8,784.68.Oil prices fell further, after tumbling on Monday as fears subsided of an Iranian blockade of the Strait of Hormuz, a vital waterway for shipping crude. Oil prices have now given up almost all their gains since Israel attacked Iran on June 13, wiping out a roughly $10 per barrel risk premium based on the outside chance of a blockade at the strait.The price of oil initially jumped 6% after trading began Sunday night, a signal of rising worries as investors got their first chance to react to the U.S. bombings. But it quickly shed all those gains, with U.S. benchmark crude falling 7.2%. It dropped further early Tuesday, giving up 3% to $66.49 per barrel. It had briefly topped $78.Brent crude, the international standard, shed 3% early Tuesday to $69.38. That was just a few cents above where it traded on June 12 ahead of the Israeli attack on Iran.With the global oil market well supplied and the OPEC+ alliance of producing countries steadily increasing production, oil prices could be headed down, said Carsten Fritsch, commodities analyst at Commerzbank. “The crucial question now is whether the ceasefire will hold and a lasting peace solution can be found,” he wrote in a research note. “If so, a further fall in the oil price could be expected.”At their next meeting July 6, ministers from eight OPEC+ countries are expected to add another 410,000 barrels per day of production.In Asia, Tokyo’s Nikkei 225 rose 1.1% to 38,790.56 and the Hang Seng in Hong Kong gained 2.1% to 24,177.07.The Shanghai Composite index climbed 1.2% to 3,420.57.In South Korea, the Kospi jumped 3% to 3,103.64, while Australia’s S&P/ASX 200 gained 1% to 8,555.50.Taiwan’s Taiex rose 2.1% and India’s Sensex was up 0.6%. In Bangkok, the SET surged 2.5%.U.S. stocks rallied on Monday despite the United States’ bunker-busting entry into its war with Israel.The S&P 500 climbed 1% and the Dow industrials gained 0.9%. The Nasdaq composite index advanced 0.9%.Back in the U.S., Treasury yields eased after a top Federal Reserve official said she would support cutting rates at the Fed’s next meeting, as long as “inflation pressures remain contained.”Investors will be watching for Fed. Chair Jerome Powell’s comments to the U.S. Congress later Tuesday, analysts said. The yield on the 10-year Treasury held steady at 4.33% from 4.38% late Friday. The two-year Treasury yield, which more closely tracks expectations for the Fed, dropped to 3.83% from 3.90%.The Federal Reserve has been hesitant to cut interest rates this year because it’s waiting to see how much higher tariffs imposed by Trump will hurt the U.S. economy and raise inflation.Inflation has remained relatively tame recently, but higher oil and gasoline prices would push it higher. That could keep the Fed on hold because cuts to rates can fan inflation while they also give the economy a boost.The U.S. dollar fell to 145.13 Japanese yen from 146.15 yen late Monday. The euro rose to $1.1597 from $1.1578. David McHugh and Elaine Kurtenbach, AP Business Writers
Category:
E-Commerce
Did you wake up at 4 a.m. on November 6, 2024? If so, you’re not alone. The 4 a.m. club is a group of people, mostly on TikTok, who say they were spiritually activated when they woke up around 4 a.m. the night of the U.S. election. Many reported a deep, unshakable sense that Kamala Harris had won, even though the official results coming in at the time said otherwise. Others woke with a feeling of dread. “Social experiment for the women,” one TikTok user posted the day after the election. “Who else woke up between 2 and 4 a.m. the morning after the election right as they were announcing basically that he won?” She continued: “Clearly, that was our first call to the coven, and we need to gather. @heartmeggieheart fr what was that original sound – meggie Now they are doing just that under the name the 4 am Club, coined by professional psychic medium Gia Prism. I didnt set out to create the 4 a.m. club; it sprung up organically as thousands of us discovered we had a shared mystical experience on election night, she told Fast Company. My journey with it began as I spoke of my personal experience the morning after the election. The post immediately blew up and I watched as thousands of comments poured in from people who had the same experience. According to the theory, 4 a.m. was the moment two timelinesone where Kamala Harris became president, and the one we are currently existing in, where Donald Trump became presidentsplit, causing many across America to wake with a start. In the clerb we all awake, one comment beneath Prisms video read. 4 am club here but are we all just so exhausted? another added. With so much on the line, the 4 a.m. club isnt about spiritually bypassing the election results; members say its a call to action. @giaprism Welcome to the 4 am Club! Heres how things work around here #4amclub #psychictok #witchtok #spiritualawakening #ascension #newearthnow #divinefeminine #healing #keepitkamala #5D #newearth #wethepeople original sound – Gia Prism My content focuses equally on spiritual perspectives and healing opportunities as well as social justice and political activism, Prism tells Fast Company. She hosts group healing meditations but also encourages participation in the physical world: attending protests, donating to causes, and speaking truth to power. There’s even merch. @giaprism Its official! Get your merch herr and sign up to join the club! Ill be sending out emails when were ready to take action #4amclub #werideatdawn #keepitkamala original sound – Gia Prism They also have unwavering hope for the future. We do not believe that the results we see now are the results we’re going to end up with, Prism said in a video posted in December 2024. We have a higher hope, and the reason we have a higher hope is because we were part of something unexplainable that happened to us on election night, and that is why we call it the 4 am Club. You dont actually have to have woken up at 4 a.m. on November 6 to join.
Category:
E-Commerce
A tentative truce faltered Tuesday when Israel accused Iran of launching missiles into its airspace after the ceasefire was supposed to take effect and vowed to retaliate.Iran’s military denied firing on Israel, state media reportedbut explosions boomed and sirens sounded across northern Israel midmorning, and an Israeli military official said two Iranian missiles were intercepted.U.S. President Donald Trump told reporters at the White House before departing for the NATO summit at The Hague that in his view, both sides had violated the nascent agreement he had announced earlier.“They violated it but Israel violated it too,” Trump said. “I’m not happy with Israel.”On social media, he called on Israel to stop dropping bombs and bring its pilots home.The conflict, now in its 12th day, began with Israel targeting Iranian nuclear and military sites, saying it could not allow Tehran to develop atomic weaponsand that it feared the Islamic Republic was close. Iran has long maintained that its program is peaceful.Many worried the war might widen after the U.S. joined the attacks by dropping bunker-buster bombs over the weekend and Israel expanded the kinds of targets it was hitting.But after Tehran launched a limited retaliatory strike on a U.S. military base in Qatar on Monday, Trump announced the ceasefire.Both sides accepted the agreement, but it is now unclear if it will hold.“Tehran will tremble,” Israeli Finance Minister Betzalel Smotrich warned on X, raising the specter that the war might continue. Israel accuses Iran of violating the truce. Iran denies that An Israeli military official who spoke on the condition of anonymity in line with military regulations said Iran launched two missiles at Israel hours into the tenuous ceasefire. Both were intercepted, the official said.Iranian state television reported that the military denied firing missiles after the start of the ceasefirewhile accusing Israel of conducting strikes. It offered no evidence to support the claim of Israeli fire, with the last reports of such attacks coming before dawn.Part of the difficulty in sorting out the competing claims was that Trump’s social media post announcing the ceasefire said Iran would begin holding its fire hours earlier than Israel. He later, however, announced that the ceasefire was in effect, even though the window he initially gave for Israel had not yet closed.After accusing Iran of violating the ceasefire, Israeli Defense Minister Israel Katz instructed Israel’s military to resume “the intense operations to attack Tehran and to destroy targets of the regime and terror infrastructure.” Breakthrough declared by Trump wobbles in initial hours Prime Minister Benjamin Netanyahu said Israel had agreed to a bilateral ceasefire with Iran in coordination with Trump, while pledging to respond to any subsequent violation.He said that Israel had achieved all of its war goals, including removing the threat of Iran’s nuclear and ballistic missile programs.An announcement on Iranian state TV later said the ceasefire was in effect. So did Trump, who posted: “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!”Iranian Foreign Minister Abbas Araghchi said that his country would not fire at Israel if it was not fired upon, but that a “final decision on the cessation of our military operations will be made later.”To secure the ceasefire, Trump had communicated directly with Netanyahu, according to a senior White House official who insisted on anonymity to discuss the Monday talks. Vice President J.D. Vance, Secretary of State Marco Rubio and special envoy Steve Witkoff communicated with the Iranians through direct and indirect channels.The White House has maintained that the U.S. bombing helped get the Israelis to agree to the ceasefire and that the Qatari government helped to broker the deal.It’s unclear what role Ayatollah Ali Khamenei, Iran’s leader, played in the talks. He said earlier on social media that he would not surrender. Deal announced after hostilities spread The shaky ceasefire came after hostilities spread further across the region.Israel’s military said Iran launched 20 missiles toward Israel before the ceasefire began on Tuesday morning. Police said they damaged at least three densely packed residential buildings in the city of Beersheba. First responders said they retrieved four bodies from one building and were searching for more. Earlier, the Fire and Rescue service said five bodies were found before revising the number downward. At least 20 people were injured.Outside, the shells of burned out cars littered the streets. Broken glass and rubble covered the area. Police said some people were injured while inside their apartments’ reinforced safe rooms, which are meant to withstand rockets but not direct hits from ballistic missiles.Iran launched a limited missile attack Monday on a U.S. military base in Qatar, retaliating for earlier American bombing of its nuclear sites. The U.S. was warned by Iran in advance, and there were no casualties.Drones attacked military bases in Iraq overnight, including some housing U.S. troops, the Iraqi army and a US military official said Tuesday.A senior U.S. military official, who spoke on condition of anonymity because he was not authorized to comment publicly, said U.S. forces had shot down drones attacking Ain al-Assad in the desert in western Iraq and at a base next to the Baghdad airport, while another one crashed.No casualties were reported and no group claimed responsibility for the attacks in Iraq. Some Iran-backed Iraqi militias had previously threatened to target U.S. bases if the U.S. attacked Iran. Conflict has killed hundreds In Israel, at least 28 people have been killed and more than 1,000 wounded in the war. Israeli strikes on Iran have killed at least 974 people and wounded 3,458 others, according to the Washington-based group Human Rights Activists.The group, which has provided detailed casualty figures from Iranian unrest, said of those killed, it identified 387 civilians and 268 security force personnel.The U.S. has evacuated some 250 American citizens and their immediate family members from Israel by government, military and charter flights that began over the weekend, a State Department official said.There are roughly 700,000 American citizens, most of them dual U.S.-Israeli citizens, believed to be in Israel. Gambrell reported from Dubai, United Arab Emirates, and Lidman reported from Tel Aviv, Israel. Associated Press writers David Rising in Dubai, Josef Federman in Jerusalem, Qassim Abdul-Zahra in Baghdad, Abby Sewell in Beirut and Amir Vahdat in Iran contributed to this report. Sam Mednick, Jon Gambrell and Melanie Lidman, Associated Press
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||