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January 21, 2025

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US President Donald Trump said Monday he was “not confident” the Gaza ceasefire would last, despite claiming credit for brokering the agreement between Israel and Hamas.

“I’m not confident. It’s not our war, it’s their war,” he said from the Oval Office, when asked by a reporter whether the ceasefire would hold and last through three planned phases. “I looked at a picture of Gaza – Gaza is like a massive demolition site. That place is, it’s really, it’s got to be rebuilt in a different way.”

The American president’s pessimism is not unique. There is significant pressure to restart the Gaza war from extremist right-wing Israeli politicians, who believe the ceasefire was a capitulation to Hamas.

Itamar Ben-Gvir of Israel’s Jewish Power party this week resigned as national security minister, further narrowing Prime Minister Benjamin Netanyahu’s slim parliamentary majority. Finance Minister Bezalel Smotrich has threatened to do the same if Netanyahu does not break the ceasefire once an initial 42-day phase is complete.

“I demanded – and received – a commitment from Prime Minister Netanyahu that Israel will return to the battlefield to eliminate Hamas and eradicate this threat once and for all,” Smotrich said in a statement on Monday.

Netanyahu, for his part, said on Sunday night that “both President Trump and President Biden gave full backing to Israel’s right to return to fighting, if Israel comes to the conclusion that negotiations on Phase B are futile. I really appreciate it.”

Israeli media has been rife with speculation this week that those commitments to potentially restart the war will doom negotiations on phase two of the deal, which are due to begin on February 4. Phase two, if it goes into effect, would see the complete withdrawal of the Israeli military from Gaza.

Trump’s pessimism about the ceasefire stood in contrast to the pledge made just hours earlier, during his inaugural address, that he would “measure our success not only by the battles we win but also by the wars that we end.”

Among the slew of executive orders he signed upon taking office was a decision to rescind sanctions that the Biden administration had against Israeli settlers allegedly responsible for deadly violence in the occupied West Bank.

Smotrich was quick to thank Trump on taking office, and said he looked forward to “continued fruitful cooperation to bolster our national security, expand settlement throughout all parts of the Land of Israel, and strengthen Israel’s standing in the world.”

The finance minister is among those who has argued strenuously for Israel to re-establish Jewish settlements in Gaza, which were abandoned under an Israeli order in 2005. Smotrich was briefly arrested – though never charged – in connection with protests he staged in opposition to that withdrawal at the time.

It is unclear what Trump makes of that effort. But when asked on Monday who should govern Gaza, Trump said “you certainly can’t have the people that were there,” apparently referring to Hamas. “Most of them are dead, by the way, right? Most of them are dead. But they didn’t exactly run it well. It was run viciously and badly. So you can’t have that.”

The American president, in response to a question, also said that he “might” be able to have a role in rebuilding the enclave, praising it as having a “phenomenal location, on the sea” and “the best weather.”

The comments echo remarks made by his son-in-law Jared Kushner in February 2024 when Kushner called the waterfront property in Gaza “very valuable” and suggested Israel should move Palestinians out of Gaza and “clean it up.”

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.