Mass grave uncovered near Syrian capital; most victims women and children
Syrian civil defence teams have discovered a new mass grave east of Douma, near the capital Damascus, recovering the remains of 20 people — most of ...
U.S. stock index futures fell on Wednesday as investors assessed the implications of the federal government shutdown, which threatens to disrupt the release of key economic data and complicate the Federal Reserve's policy path.
The shutdown, which independent analysts warn could last longer than the budget-related closures of the past, comes at a time when markets are leaning heavily on hopes of a dovish Fed policy, and after equities posted the second straight quarter of gains.
While shutdowns have not derailed markets historically, the current episode coincides with a critical period when stock valuations are elevated and sentiment fragile.
The S&P 500 rose during each of the last six government shutdowns, according to a note from Deutsche Bank.
However, a longer shutdown could be a cause for concern.
In the seven instances where they lasted 10 days or more, the index fell four times and rose three times, according to data from Vanguard.
"While a government shutdown is disruptive in its own ways, now isn't exactly the time that investors, or the Fed, want to lose access to key economic data points," said Bret Kenwell, U.S. investment analyst at eToro.
At 04:21 a.m. ET, Dow e-minis YMcv1 were down 310 points, or 0.66%, U.S. S&P 500 E-minis EScv1 were down 52.5 points, or 0.78%, and Nasdaq 100 E-minis NQcv1 were down 234.5 points, or 0.94%.
With uncertainty around when the next nonfarm payrolls report will be released, upcoming data such as the ADP National Employment Report and the Institute for Supply Management's manufacturing PMI for September, due on Wednesday, will likely be scrutinised more closely for clues on the labour market and inflation.
Investors will also parse commentary from Federal Reserve Bank of Richmond President Thomas Barkin for any shift in tone as policymakers navigate a murkier data landscape.
Among the early movers was Nike, which rose 3% in premarket trading a day after reporting surprise revenue growth in the first quarter.
NYSE-listed shares of Lithium Americas surged 39% after it said the U.S. Department of Energy had taken a 5% stake in the company.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
European nations are reportedly collaborating with Ukraine on a 12-point plan aimed at ending Russia’s conflict along the existing front lines, according to Bloomberg News on Tuesday.
Syrian civil defence teams have discovered a new mass grave east of Douma, near the capital Damascus, recovering the remains of 20 people — most of them women and children.
China’s imports of Russian crude oil increased in September, highlighting Beijing’s continued energy cooperation with Moscow despite persistent pressure from the United States to desist.
Several countries and international organisations have welcomed the ceasefire agreement between Afghanistan and Pakistan, describing it as a vital step towards easing tensions and fostering regional stability.
U.S. Vice President JD Vance was holding talks in Israel on Tuesday as Washington tries to stabilise the first, shaky, phase of the Gaza ceasefire and push Israel and Hamas towards the harder concessions asked of each side in coming talks.
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