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January 18, 2025

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Don’t let Israel’s approval of the Gaza ceasefire fool you: There are deep schisms in Israeli politics that could threaten the longevity of the deal.

The ceasefire as agreed to in Qatar is set to last 42 days. Over that period, 33 hostages are expected to be freed in exchange for hundreds of Palestinian prisoners, there will be a slow withdrawal of the Israeli military from urban centers in Gaza and a surge of humanitarian aid.

But it is very much not a permanent end to the war, nor does it guarantee freedom for the 65 hostages who would remain in Gaza at the end of this first phase – many of whom are likely dead. That is yet to be negotiated, starting by day 16 of the truce.

Whether any of it comes to pass may be dictated by the vagaries of Israeli politics. The deal to which Israeli Prime Minister Benjamin Netanyahu agreed is remarkably similar to a proposal he railed against for almost a year.

“We haven’t committed to any of the delusional demands of Hamas,” the Israeli prime minister said in February last year. “I told (US Secretary of State) Antony Blinken we are nearly there with complete victory.”

The proposal he was criticizing would have seen a multi-stage ceasefire, the phased withdrawal of Israeli troops, and the release of hundreds of Palestinian prisoners. That happens to be the exact thing to which Netanyahu has now agreed.

Though Hamas is undeniably weakened, Israel has not achieved the “complete victory” that Netanyahu long promised. “We assess that Hamas has recruited almost as many new militants as it is lost,” Blinken said this week.

Netanyahu’s extremist allies in government are confused by his sudden about-face.

“I love Prime Minister Benjamin Netanyahu and will make sure that he continues to be prime minister,” Itamar Ben Gvir, the national security minister, said in a statement Friday morning. “But I will leave (government) because the deal that was signed is disastrous.”

Ben Gvir has said that his Jewish Power party will withdraw from the governing coalition if the ceasefire and hostage deal goes through. His departure would not by itself be enough to topple the government. And he could well return – it will be hard to step away from power for a man who not long ago was on the very fringes of politics, having been convicted of inciting terrorism and considered so extreme that the Israeli military rejected him from service.

But what could topple the government is if Ben Gvir is joined by Finance Minister Bezalel Smotrich in withdrawing from Netanyahu’s coalition. Smotrich, also an extreme right-wing nationalist, wants to make sure that the peace in Gaza is not permanent, and that Israel goes back to war after the 42-day ceasefire that is expected to see 33 hostages released.

While Smotrich’s departure would break Netanyahu’s coalition, his government could be saved by his rival, Yair Lapid of the opposition Yesh Atid party, who has offered a political lifeline to the prime minister by supporting him in the legislature. That means that Lapid would hold a sword over Netanyahu’s neck, could collapse the government and bring about an election whenever he chooses – a threat the prime minister will surely do anything to avoid.

It is unclear whether Netanyahu has given Smotrich any promises to secure his support – solving today’s crisis is more important than solving tomorrow’s. He is clearly keen for it, having met with Smotrich twice in the hours leading up to the ceasefire announcement in Qatar. President Biden said Wednesday “the plan says if negotiations take longer than six weeks, the ceasefire will continue, as long as the negotiations continue.” But were Israel to begin bombing on day 43, the agreement would collapse.

In the hours after the Qatari prime minister announced the agreement on Wednesday, Netanyahu’s office sent a cascade of press releases accusing Hamas of reneging on promises to give Israel a veto over some Palestinian prisoners due to be released.

The statements made clear that he was being tough by telling his team to stand firm. Those 11th-hour hitches may have been real – though Hamas denies it. But the very public chest-beating crediting the prime minister’s “firm stance” was surely intended to placate the domestic, far-right audience. Once the differences were bridged, the cabinet appeared to fast-track its approval – moving a planned Saturday meeting to the final hours of Friday.

Another factor may also be at the center of Netanyahu’s capitulation to this initial ceasefire: incoming American president Donald Trump.

His self-styled image as the American president who ends foreign wars will surely bring an enormous amount of pressure on Netanyahu to stay with the agreement, for which Trump has taken credit and dubbed “EPIC.”

Netanyahu was able to ignore President Joe Biden’s overtures, confident that he had an even more steadfast ally, Trump, waiting in the wings.

Now he has no such luxury.

This post appeared first on cnn.com

Israel’s government approved a ceasefire and hostage release deal with Hamas, paving the way for the agreement to take effect Sunday and potentially signalling a new chapter in a bloody 15-month conflict that has enflamed the Middle East.

The 33-member cabinet deliberated for more than seven hours into early Saturday before green-lighting the agreement, according to a statement from Prime Minister Benjamin Netanyahu’s office.

Approved earlier by Israel’s smaller security cabinet after being thrashed out by negotiators in Doha, the deal will pause the fighting in Gaza, and lead to the release of dozens of Israeli hostages and hundreds of Palestinian prisoners.

It also offers an opportunity for humanitarian workers to shuttle much-needed aid into the battered enclave, where hundreds of thousands of Palestinians are starving, according to the United Nations, and living conditions are dire.

Sunday’s ceasefire will take effect at 8:30 a.m. local time (1:30 a.m. ET), a spokesperson for the Qatari foreign ministry Majed Al Ansari said in a statement on X. Qatar has been one of the key mediators in brokering the deal.

It will be the second ceasefire since the war started on October 7, 2023, when Hamas-led militants launched an attack on Israel, killing more than 1,200 people and taking about 250 hostages, according to Israeli authorities. The military offensive launched by Israel in response has killed more than 46,000 Palestinians and injured more than 110,000 in Gaza, according to the Palestinian Ministry of Health, which does not distinguish between combatants and civilians in its figures.

Though Israel’s Supreme Court will still hear appeals by Israelis opposing freedom for any Palestinian prisoners slated for release, that process is not expected to delay the start of the ceasefire.

Three female Israeli civilian hostages held in Gaza are expected to be released on the first day, according to two US officials. Ninety-five Palestinian prisoners are set to be released Sunday beginning after 4 p.m. local time Sunday, Israel’s Ministry of Justice said.

Hamas and its allies still hold 94 people taken from Israel 15 months ago. At least 34 of them are dead, according to the Israeli government, though the true number is expected to be higher.

All but 10 of the 94 hostages are Israeli or dual citizens, while eight are from Thailand, one is from Nepal, and one is from Tanzania, according to the Israeli Prime Minister’s Office.

Negotiations for the second and third phases of the ceasefire will begin on the 16th day of the implementation of the deal, according to an Israeli official.

A joint operations room will be established in Cairo to monitor the implementation of the deal and will include representatives from Egypt, Qatar, the United States, Israel, and Palestinian officials, according to Egypt’s state-affiliated Al Qahera News, citing a senior Egyptian official.

Humanitarian relief

Under the deal, humanitarian aid into Gaza will be ramped up to 600 trucks per day, a significant increase from the 614 truckloads of aid that entered Gaza in the first two weeks of January, according to data from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).

Hundreds of aid trucks carrying food, clothing, medical supplies and other relief materials, are lined up at the Rafah border crossing in anticipation of the deal going into effect Sunday, Al Qahera News reported. The trucks came from various areas of the Egyptian region of North Sinai, and some have been waiting for months, the news outlet said.

However, the United Nations warned Thursday the increased aid allotment would be “only a start” in addressing the catastrophic humanitarian crisis in the enclave.

The breakthrough in talks has inspired fresh – yet cautious – hope among the families of Israeli hostages still trapped in Gaza, many of whom do not know if their relatives are dead or alive.

The start of the ceasefire Sunday will be a reprieve for Gazans who have endured 15 months of relentless Israeli strikes, which have reduced much of the enclave to rubble.

Scenes of jubilation emerged across Gaza shortly after mediator Qatar announced Wednesday that Israel and Hamas had come to the agreement, though Israel’s bombardment has ramped up in the days since.

Israeli strikes have killed more than 100 people since the ceasefire deal was announced, including 30 children, according to Gaza’s Civil Defense.

The first ceasefire, in November 2023, lasted about a week. In that period, 105 hostages being held by Hamas – primarily women, children and elderly people – were released, while Israel released about 240 Palestinian prisoners from its jails.

Netanyahu faced major political fallout ahead of the cabinet meeting to approve the deal, with two far-right parties threatening to quit the government if the deal went through – a move that could cause the prime minister to lose his majority in the Knesset, or parliament.

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.