Global shares reached a one-month high on Friday as markets expressed optimism about a potential US debt ceiling deal that could prevent a disastrous default. The STOXX 600 in Europe rose 0.7%, while e-mini futures for the S&P 500 increased 0.2%. MSCI’s global shares index hit its strongest point since mid-April, up 0.2%, and on track for its largest weekly gain since late March. The dollar remained steady against a basket of currencies, while the euro reached its lowest level in almost two months before recovering. The moves came after Democratic negotiators informed President Joe Biden they were making “steady progress” on a deal to lift the US debt ceiling and avoid a default by the world’s largest economy.
Friday, October 27, 2023
Latest
Hamas Tunnel City: Gaza’s Hidden Frontline for Israel | TOME
JERUSALEM/LONDON: What lies in wait for Israeli ground troops in Gaza, security sources say, is a Hamas tunnel network hundreds of kilometers long and up to 80 meters deep, described by one freed hostage as “a spider’s web” and by one expert as the “Viet Cong times 10.”
The Palestinian Islamist group has different kinds of tunnels running beneath the sandy 360-sq-km coastal strip and its borders — including attack, smuggling, storage and operational burrows, Western and Middle East sources familiar with the matter said.
Football’s Betting Scandals: Hypocrisy Strikes Italy and Beyond | TOME
Football faces renewed criticism over its failure to address the problem and its partnerships with gambling companies.
Popular
Hamas Official: Captives Cannot Be Freed Until Israel-Gaza Ceasefire
The group needs time to locate captives taken to Gaza by various Palestinian factions, a Russian newspaper is told.
US Strikes Iranian Forces’ Sites in Syria: Pentagon
The US military launched airstrikes early Friday on two locations in eastern Syria linked to Iran’s Revolutionary Guard Corps, the Pentagon said, in retaliation for a slew of drone and missile attacks against US bases and personnel in the region that began early last week.
Popular
China Probes Foxconn’s Taxes and Land Use, Shares Slide | TOME
Apple supplier's shares dropped as much as 3 percent after report by China's state-owned Global Times.
Big Businesses Stay Silent on Israel-Hamas Conflict Amid Ukraine Outcry
Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.
© 2023 TOMI. All Rights Reserved.