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Columnist Edward Luce Says Trump Is "Not In A Good Place" With Epstein Files As His Base 'Revolts'

Columnist Edward Luce Says Trump Is "Not In A Good Place" With Epstein Files As His Base 'Revolts'

News1817-07-2025
Columnist Edward Luce Says Trump Is "Not In A Good Place" With Epstein Files As His Base 'Revolts'
Financial Times' Edward Luce believes that President Trump is 'flunking' his Epstein test and no matter what he says to downplay it, his MAGA base doesn't seem to let go of the issue. Luce says the Epstein controversy is turning into a populist truth test for the President and despite the DOJ trying to close the case, people don't believe that there is nothing there. n18oc_world n18oc_crux
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Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds
Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds

Economic Times

time14 minutes ago

  • Economic Times

Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds

Matt Orton, Raymond James Investment, says despite ongoing geopolitical uncertainty, markets are showing cautious optimism, supported by positive earnings and India's GST reforms. Aerospace and defence sectors remain strong performers, with long-term investment potential driven by increased global security spending. Investors can benefit from tailwinds across select sectors despite unresolved tensions. ADVERTISEMENT Matt Orton: Yes, there is quite a lot going on for investors. From the economic data over the past week, the Trump-Putin summit, and the ongoing discussions, it seems we are moving closer to more clarity in the market, which markets always favor. A narrowing of potential outcomes helps investors factor in what the future might look like. I am optimistic that this clarity should be marginally positive for markets, which continue to move higher. India has also seen positive developments, such as the double Diwali and GST changes. US macroeconomic data did not send any negative signals, and the earnings season has been wrapping up on a strong note. These factors provide good tailwinds, which could strengthen further if geopolitical risks are resolved positively. Matt Orton: Any clarity on these discussions will be very helpful. The inclusion of European leaders and Zelenskyy at the White House indicates a willingness to reach a mutually agreeable resolution, even if not everyone is completely of the outcome, aerospace and defence have been strong outperformers, particularly in Europe and the US, and these tailwinds are likely to continue. Even without a full peace agreement, nations will need to invest more in security, which supports long-term spending in defence and sends a signal globally about the need for robust security measures. (You can now subscribe to our ETMarkets WhatsApp channel)

Oil prices climb after US adviser warns India over Russian crude imports
Oil prices climb after US adviser warns India over Russian crude imports

Business Standard

time14 minutes ago

  • Business Standard

Oil prices climb after US adviser warns India over Russian crude imports

Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop. Traders were also watching for clues from a meeting later in the day between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy as they attempt to come to a peace deal to end Europe's deadliest war in 80 years. Brent crude futures rose 0.46 per cent or 30 cents to $66.15 a barrel by 1005 GMT, while US West Texas Intermediate crude was up 38 cents, or 0.61 per cent, to $63.18 a barrel. White House trade adviser Peter Navarro's comments around India's purchases of Russian crude funding Moscow's war in Ukraine revived concerns about supply flows. "India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs," Navarro said. The statement had triggered some buying interest in the market, SEB analyst Ole Hvalbye said. "The US adviser's sharp words on India's Russian crude imports, paired with postponed trade talks, revive concerns that energy flows remain hostage to trade and diplomatic frictions, even as peace prospects in Ukraine brighten," said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova. Later in the day, Trump will meet first with Zelenskiy at 1715 GMT and then with all the European leaders at 1900 GMT. Trump told Ukraine on Monday to give up hopes of getting back annexed Crimea or joining NATO, as he emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first after his meeting with Russian President Vladimir Putin in Alaska on Friday. "I don't believe the oil market has priced in a full peace dividend that potentially could see prices of crude and EU gas suffer further setbacks," said Saxo Bank's head of commodity strategy, Ole Hansen. Speculators in the week to August 12 held the first-ever combined net short position in WTI (CME & ICE), leaving prices exposed to any upside surprises, Hansen added. [CTFC/] Investors are also watching for clues from Federal Reserve Chairman Jerome Powell's comments at this week's Jackson Hole meeting regarding the path of US interest rate cuts that could boost stocks to further records. (Reporting by Seher Dareen in London, Florence Tan in Singapore and Sam Li in Beijing; Editing by Emelia Sithole-Matarise and Mark Potter)

Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds
Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds

Time of India

time30 minutes ago

  • Time of India

Are defence and aerospace stocks set to soar? Matt Orton's view on global market tailwinds

Matt Orton, Raymond James Investment, says despite ongoing geopolitical uncertainty, markets are showing cautious optimism, supported by positive earnings and India's GST reforms . Aerospace and defence sectors remain strong performers, with long-term investment potential driven by increased global security spending. Investors can benefit from tailwinds across select sectors despite unresolved tensions. There is a lot happening on the global front. How do you read the current sentiments coming from global markets? Matt Orton: Yes, there is quite a lot going on for investors. From the economic data over the past week, the Trump-Putin summit, and the ongoing discussions, it seems we are moving closer to more clarity in the market, which markets always favor. A narrowing of potential outcomes helps investors factor in what the future might look like. I am optimistic that this clarity should be marginally positive for markets, which continue to move higher. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They were so beautiful before; look at them now; number 10 will shock you Boite A Scoop Undo India has also seen positive developments, such as the double Diwali and GST changes. US macroeconomic data did not send any negative signals, and the earnings season has been wrapping up on a strong note. These factors provide good tailwinds, which could strengthen further if geopolitical risks are resolved positively. On the Trump-Putin meeting, there seems to be no solid outcome yet. How do you see today's talks with Zelenskyy affecting the US-Russia tariff scenario and India? Matt Orton: Any clarity on these discussions will be very helpful. The inclusion of European leaders and Zelenskyy at the White House indicates a willingness to reach a mutually agreeable resolution, even if not everyone is completely satisfied. Regardless of the outcome, aerospace and defence have been strong outperformers, particularly in Europe and the US, and these tailwinds are likely to continue. Even without a full peace agreement, nations will need to invest more in security, which supports long-term spending in defence and sends a signal globally about the need for robust security measures.

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