Trump on Hamas response to Gaza ceasefire deal: will know in 24 hours
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Middle East Eye
an hour ago
- Middle East Eye
Israeli forces, settlers forcibly displace 20 families near Jericho
Around 20 Palestinian families were forcibly displaced on Wednesday night from the Arab al-Mleihat community, northwest of Jericho in the eastern occupied West Bank, after Israeli settlers established a new outpost nearby and intensified harassment, the Wafa news agency reported. The families, part of a larger Bedouin community of about 500 people, began dismantling their tents and leaving the area amid what local advocates described as mounting pressure from both settlers and Israeli forces. Hassan Mleihat, general supervisor of the Al-Baidar Organisation for the Defence of Bedouin Rights, said settlers had positioned themselves around the community's perimeter and were escalating efforts to force residents out. In a statement on Thursday, Al-Baidar warned that the displacement could erase the Arab al-Mleihat community's cultural and historical presence. According to Wafa, settlers on Wednesday brought livestock, erected tents and set up animal pens just 150 metres from Palestinian homes in the newly established outpost.
Al Etihad
an hour ago
- Al Etihad
Stocks and dollar dip as Trump's spending bill passes, trade deal deadline nears
4 July 2025 15:21 LONDON (REUTERS)Stocks slipped on Friday as US President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest dollar also fell against major currencies with US markets already shut for the holiday-shortened week, as traders considered the impact of Trump's sweeping spending bill which is expected to add an estimated $3.4 trillion to the national pan-European STOXX 600 index fell 0.8%.US S&P 500 futures edged down 0.6%, following a 0.8% overnight advance for the cash index to a fresh all-time closing peak. Wall Street is closed on Friday for the Independence Day said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on exports to the United States, a clear shift from earlier pledges to strike scores of individual deals before a July 9 deadline when tariffs could rise are "now just waiting for July 9," said Tony Sycamore, an analyst at IG, with the market's lack of optimism for trade deals responsible for some of the equity weakness in export-reliant Asia, particularly Japan and South the same time, investors cheered the surprisingly robust jobs report on Thursday, sending all three of the main US equity indexes climbing in a shortened session."The US economy is holding together better than most people expected, which suggests to me that markets can easily continue to do better (from here)," Sycamore the close, the House narrowly approved Trump's signature, 869-page bill, which averts the near-term prospect of a US government default but adds trillions to the national debt to fuel spending on border security and the military. Trade the Key Focus in Asia Trump said he expected "a couple" more trade agreements after announcing a deal with Vietnam on Wednesday to add to framework agreements with China and Britain as the only successes so Treasury Secretary Scott Bessent said earlier this week that a deal with India is close. However, progress on agreements with Japan and South Korea, once touted by the White House as likely to be among the earliest to be announced, appears to have broken US dollar index had its worst first half since 1973 as Trump's chaotic roll-out of sweeping tariffs heightened concerns about the US economy and the safety of Treasuries, but had rallied 0.4% on Thursday before retracing some of those gains on of 1100 GMT it was down 0.1% at euro added 0.2% to $1.1773, while sterling held steady at $ US Treasury bond market is closed on Friday for the holiday, but 10-year yields rose 4.7 basis points (bps) to 4.34%, while the 2-year yield jumped 9.3 bps to 3.882%.Gold firmed 0.4% to $3,336 per ounce, on track for a weekly gain as investors again sought refuge in safe-haven assets due to concerns over the US's fiscal position and tariffs. Brent crude futures fell 64 cents to $68.17 a barrel, while US West Texas Intermediate crude likewise dropped 64 cents to $66.35, as Iran reaffirmed its commitment to nuclear non-proliferation. Stock Markets Continue full coverage
Zawya
2 hours ago
- Zawya
Gold poised for weekly gain on dollar weakness, safe-haven demand
Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the U.S. dollar and safe-haven inflows as U.S. President Donald Trump's deadline for trade deals loomed. Spot gold was up 0.3% to $3,334.47 per ounce, as of 1002 GMT. The precious metal is up about 1.9% this week. U.S. gold futures gained 0.1% to $3,344.70. The dollar index slipped 0.2% and was on track for a second week of decline, making gold less expensive for other currency holders. "The apprehension about the fiscal situation in the U.S. (after Trump's sweeping tax-cut bill passed Congress) and the lingering uncertainty over the approaching July 9 deadline for the tariff issue has boosted safe-haven demand," said Ricardo Evangelista, senior analyst at brokerage firm ActivTrades. Trump announced that Washington will start sending letters to countries on Friday, marking a shift from earlier plans for individual trade deals. On April 2, he announced reciprocal tariffs of 10%-50%, but later reduced most to 10% until July 9 to allow for negotiations. Meanwhile, Trump's tax-cut legislation cleared its final hurdle in Congress on Thursday, making his 2017 cuts permanent, funding his immigration crackdown, and adding new tax breaks promised during Trump's 2024 campaign. Data showed U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds. "The latest U.S. payroll data supports the case of a slowdown of the economy, but no standstill, slowing the pressure on the Fed to cut interest rates anytime soon," said UBS commodity analyst Giovanni Staunovo. Elsewhere, spot silver edged 0.1% lower to $36.78 per ounce and palladium eased 0.3% to $1,133.21. Platinum rose 0.5% to $1,374.21 per ounce and was heading for its fifth straight week of gains. (Reporting by Brijesh Patel in Bengaluru, additional reporting by Ishaan Arora; Editing by Harikrishnan Nair)
