Connect with us

World

Asian stocks are mixed after Wall Street's best week of the year

Published

on

Asian stocks are mixed after Wall Street's best week of the year

Asian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street’s best week since November with a slight uptick in U.S. stocks Friday.

U.S. futures were higher while oil prices dropped.

Japan’s benchmark index fluctuated in morning trading. The Nikkei 225 shed 15.50 points to 38,047.17 after data showed the core machinery orders, which are used as a leading indicator of capital spending in the coming six to nine months, fell 1.7% year on year in June.

The U.S. dollar fell to 146.44 Japanese yen from 147.58 yen.

Last week, better-than-expected U.S. retail sales figures boosted market confidence and shifted sentiment regarding potential interest rate cuts by the Federal Reserve in September, which could trigger a sell-off of the yen against the dollar and other major currencies. But still, the dollar-yen exchange rate has been on a downward trend over the past weeks.

Advertisement

“The recent turmoil in the foreign exchange market isn’t just about the Bank of Japan’s actions … other factors, like signals from the Federal Reserve about possible rate cuts, weak U.S. job market data, and broader global economic uncertainties, have also contributed to the recent turbulence,” Luca Santos, currency analyst at ACY Securities, said in a commentary.

The market’s focus is on Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech late in the week and the setting has been home to big policy announcements in the past.

Because the Fed has said its upcoming moves will depend in large part on what data reports at the time say, “it will be difficult for Powell to pre-commit to a particular trajectory at Jackson Hole,” said economists at Deutsche Bank led by Matthew Luzzetti.

But Powell could offer hints about whether the Fed is hoping to merely remove the brakes from the economy through rate cuts or give it an accelerant.

Elsewhere in Asia, Australia’s S&P/ASX 200 rose 0.2% to 7,988.00 and the Kospi in Seoul lost 0.2% to 2,690.83. Hong Kong’s Hang Seng added 1% to 17,611.77, while the Shanghai Composite was up 0.5% to 2,894.57.

Advertisement

Bangkok’s SET increased 0.8% after data showed the country’s gross domestic product in the second quarter increased 2.3% compared to a year earlier, driven by tourism.

On Friday, the S&P 500 rose 0.2% to 5,554.25 for a seventh straight gain and pulled back within 2% of its all-time high set last month. The Dow Jones Industrial Average gained 0.2% to 40,659.76, and the Nasdaq composite added 0.2% to 17,631.72.

Treasury yields eased in the bond market following mixed reports on the U.S. economy. One showed homebuilders broke ground on fewer projects last month than forecast, which threw some cold water on the market. Optimism had been rising earlier in the week following a flurry of better-than-expected reports on everything from inflation to sales at U.S. retailers.

But a report later in the morning suggested U.S. consumers are feeling better about the economy than expected. That’s a big deal for Wall Street because their spending makes up the bulk of the economy.

Even though confidence rose in the economy’s strength following the strong run of reports, it is still likely slowing under the weight of high interest rates.

Advertisement

The question is whether the slowdown in growth will overshoot and become a recession. The hope on Wall Street is that an expected cut to interest rates at the Fed’s next meeting in September will help forestall that.

In the bond market, the yield on the 10-year Treasury fell to 3.88% from 3.92% late Thursday. The two-year yield, which more closely tracks expectations for Fed action, fell to 4.05% from 4.10% late Thursday.

In energy trading, benchmark U.S. crude gave up 16 cents to $75.38 a barrel. Brent crude, the international standard, lost 15 cents to $79.53 a barrel.

The euro has been strengthening against the U.S. dollar. On Monday, it cost $1.1040, inching up from $1.1028.

___

AP Business Writer Stan Choe contributed to this report.

Advertisement

World

War breaking news. Trump postpones decision: nothing after two hours in Situation Room

Published

on

War breaking news. Trump postpones decision: nothing after two hours in Situation Room

Iran, Trump shares draft agreement with Israel and other allies

US President Donald Trump has circulated the draft peace agreement for the war with Iran among allies, including Israel, while attempts are underway to prevent new ceasefire violations from escalating and derailing any agreement. Meanwhile, in an effort to accelerate negotiations, Pakistan’s Foreign Minister, Mohammad Ishaq Dar, will be in Washington today to meet with his US counterpart, Marco Rubio.

Yesterday, Tehran targeted a US air base in Kuwait after Washington struck what it called an Iranian drone operation near the Strait of Hormuz, highlighting the fragility of the situation as both negotiating parties refuse to give in on the final points of disagreement. On Wednesday, Trump’s cabinet was scheduled to discuss the deal, but Axios – which reported on the terms of the deal reached – reported that the US president needed a few more days to reflect on the eventual go-ahead.

The draft shared by Trump is not much different from the one that has been circulating in the Middle East for days, according to which the Strait of Hormuz would be reopened to commercial shipping, the US blockade of Iranian ports would be lifted, and Iran would be granted access to some $12 billion (£9 billion) in frozen assets.

Advertisement

The goal would be to restore cross-strait commercial traffic to pre-war levels within 30 days and to begin negotiations, expected to last up to 60 days, on the future of Iran’s nuclear programme. These would include discussions on the stockpile of highly enriched uranium, a temporary suspension of further enrichment, and supervision by the International Atomic Energy Agency (IAEA), the UN nuclear watchdog. Iran would renounce the use of nuclear weapons.

US Vice-President JD Vance said yesterday that both sides were close to an agreement, but that a couple of sticking points persisted in talks with Tehran concerning enriched uranium stockpiles and the enrichment issue. “It is difficult to say exactly when, or if, the president will sign” the memorandum of understanding. “We are still discussing a couple of points related to the wording,” Vance said.

China is lobbying the UN Security Council to ratify any agreement. The current scope of the deal would be deeply unacceptable to Israel because it postpones any final nuclear commitment by Iran and requires a permanent ceasefire that includes Lebanon, the Guardian reported

Direct military negotiations between Israel and Lebanon start today at the Pentagon

Advertisement

The first direct meeting between Lebanese and Israeli military delegations opens today at the Pentagon as part of the negotiations promoted by the United States after the truce that came into effect, at least on paper, in mid-April. The talks take place while Israel intensifies raids and bombardments in Lebanon, including the southern suburbs of Beirut. The Jewish state has issued several forced displacement orders to Israeli civilians in Nabatiye and Tyre, the two main Lebanese cities in the south of the country. Beirut’s armed forces come to the table with a position defined by President Joseph Aoun, who is considered close to the United States: a complete ceasefire, an end to Israeli operations, withdrawal from the occupied areas in the south, and increased army deployment along the border. Beirut also demands the release of Lebanese prisoners, the return of displaced persons, and international support for reconstruction. The meeting follows two previous negotiating sessions held in Washington on 14 and 15 May, which led to the extension of the ‘truce’ for 45 days. The United States, engaged in large-scale negotiations with Hezbollah supporter Iran, is aiming to strengthen direct military coordination between the two sides. In this sense, a new political round at the State Department is scheduled for 2 and 3 June. However, the most delicate knot remains on the table: Israel claims the right to conduct preventive operations against threats considered imminent, a formula contested by Beirut and at the centre of internal Lebanese tensions. At the same time, Washington continues to exert pressure on the Hezbollah disarmament dossier, while the Shiite movement reiterates its rejection of direct negotiations and continues its operations against the Israeli occupation forces in southern Lebanon. According to data gathered from Lebanese sources, more than 4,500 Israeli violations, more than 5,500 homes destroyed, and direct or indirect Israeli military control over more than 65 locations in South Lebanon have been recorded since the start of the mid-April ‘truce’.

Emir Qatar hears Trump, ‘priority to political and diplomatic solutions’

Qatar’s Emir Tamim bin Hamad Al Thani has asked US President Donald Trump to “prioritise political and diplomatic solutions” in the Middle East, in the context of negotiations between Washington and Tehran for a possible agreement. The request came during a phone call between the two leaders, during which international efforts to reduce tensions in the region were addressed. This was reported by the Qatari state agency Qna. Al Thani emphasised ‘the need to prioritise political and diplomatic solutions, as well as dialogue between all parties, to consolidate regional security and stability and avoid further tensions and escalation’. Washington meanwhile confirmed an agreement in principle with Iran to extend the 60-day truce and guarantee shipping in the Strait of Hormuz, but the understanding remains pending Trump’s approval and has not yet been confirmed by Tehran.

Advertisement
Continue Reading

World

Pentagon hosts first-ever Israeli–Lebanese military talks aimed at curbing Hezbollah

Published

on

Pentagon hosts first-ever Israeli–Lebanese military talks aimed at curbing Hezbollah

NEWYou can now listen to Fox News articles!

Israeli and Lebanese military delegations opened Pentagon-mediated talks Friday morning in Washington, launching a new U.S.-brokered security coordination track aimed at preventing renewed escalation along the Israel–Lebanon border and shoring up a fragile ceasefire reached in mid-April.

A State Department official told Fox News Digital that, “As we have continuously stated, the only path to lasting peace is through direct negotiations between the two sovereign governments.”

The discussions mark a shift from diplomatic negotiations into direct military coordination, with talks expected to focus on ceasefire enforcement, border stability, Israeli withdrawal from parts of southern Lebanon and the role of the Lebanese Armed Forces in containing Hezbollah.

ISRAEL MOVES TOWARDS CEASEFIRE DEAL WITH HEZBOLLAH: REPORTS

Advertisement

Michael Needham, counselor for the U.S. Department of State, U.S. Ambassador to the United Nations Mike Waltz, Secretary of State Marco Rubio, U.S. Ambassador to Lebanon Michel Issa, Lebanese Ambassador to the U.S. Nada Hamadeh Moawad, and Israeli Ambassador to the U.S. Yechiel Leiter pose for a photo before a meeting at the State Department in Washington, D.C., on April 14, 2026. (Jacquelyn Martin/AP Photo)

The talks come weeks after a U.S.-brokered ceasefire first reached during the broader regional conflict tied to the U.S.–Iran war. While large-scale fighting has eased, Israeli forces continue operating inside parts of southern Lebanon and Hezbollah maintains drone and rocket capabilities, keeping tensions high along the border.

The ceasefire was extended on May 15 for another 45 days, creating pressure on both sides to show progress before the current arrangement expires.

But analysts say the central question overshadowing the talks is whether Lebanon can realistically curb Hezbollah’s military power without risking internal collapse.

“This will be the first meeting between representatives of the militaries since the start of the negotiation process between Lebanon and Israel,” Ahmed Sharawi, a research analyst at the Foundation for Defense of Democracies think tank, told Fox News Digital.

Advertisement

Representing Lebanon in the talks is Lebanese Armed Forces (LAF) commander Gen. Rodolphe Haykal, who previously served as commander of the Lebanese Armed Forces in southern Lebanon, an area where Hezbollah maintains a strong presence. Hezbollah is the Iran-backed Lebanese terrorist organization designated by the United States as a foreign terrorist organization. 

“What we should expect is talks regarding de-confliction and what the expectations are for the LAF in terms of the broader disarmament plan against Hezbollah’s weapons,” he said.

Sharawi said the chances of a broader breakthrough remain limited so long as Hezbollah remains heavily armed and politically entrenched inside Lebanon.

“The biggest obstacle here is that the Lebanese state is yet to present a feasible plan to disarm Hezbollah,” he said.

LAWMAKERS QUESTION WHETHER US MOVING FAST ENOUGH TO CAPITALIZE ON HEZBOLLAH’S WEAKENED STATE

Advertisement

But analysts say the central question overshadowing the talks is whether Lebanon can realistically curb Hezbollah’s military power without risking internal collapse.  (Ibrahim AMRO / AFP via Getty Images)

He pointed to the terms of the November 2024 ceasefire agreement, which placed responsibility for disarming Hezbollah on the Lebanese state.

“We are yet to see the confiscation of one single bullet from Hezbollah,” Sharawi said.

He also warned that Hezbollah’s deep support among Lebanon’s Shiite population complicates any attempt to move toward normalization with Israel.

“There’s a fear of a civil war,” he said. “That also accounts for the Lebanese state’s unwillingness to disarm Hezbollah.”

Advertisement

The talks opened as Prime Minister Benjamin Netanyahu signaled Israel intends to maintain military pressure on Hezbollah despite the negotiations.

Sharawi argued the Trump administration nevertheless appears determined to push the process forward as part of a broader effort to weaken Iranian influence in the region.

“The reason behind these meetings is that President Trump is really trying to push for a peace agreement between Israel and Lebanon,” he said. “Peace between these two countries could really undermine Hezbollah and its influence in Lebanon.”

WALTZ SAYS TRUMP HAS CREATED ‘BEST CHANCE IN OUR LIFETIME’ TO BREAK HEZBOLLAH’S GRIP ON LEBANON

Churches in the southern Lebanese town of Rmeish remained standing throughout the conflict, as residents say the community resisted Hezbollah attempts to launch rockets from the area. (Jusoor News)

Advertisement

Israeli analysts similarly described the talks less as a breakthrough and more as a strategic signal aimed at Hezbollah.

“The war between us and Hezbollah is continuing,” Yossi Kuperwasser, senior project manager at the Jerusalem Institute for Strategy and Security and former head of the Research Division of Israeli Military Intelligence, told Fox News Digital.

“There is no doubt the Lebanese government does not have a monopoly on the use of force in Lebanon,” he said.

‘OVERBLOWN’ REPORTS ON ISRAEL–LEBANON NORMALIZATION RISK HINDERING BORDER TALKS BEFORE THEY BEGIN: OFFICIAL

IDF troops discovered a Hezbollah weapons cache near a UNIFIL post in southern Lebanon in 2024. (IDF Spokesman’s Unit)

Advertisement

Kuperwasser said expectations for an immediate diplomatic breakthrough should remain low, but argued the talks themselves send an important political message.

“The purpose of these talks is first and foremost to send a message to Hezbollah and also to the Americans,” he said. “Both sides are prepared to sit together against Hezbollah and signal that they are moving, even if slowly, toward normalization between Israel and Lebanon.”

He argued Hezbollah has been weakened politically and militarily by the ongoing conflict and by growing frustration among Lebanese civilians displaced by the fighting.

“For years Hezbollah portrayed itself as the defender of Lebanon,” Kuperwasser said. “Now many Lebanese see Hezbollah as responsible for the suffering Lebanon is experiencing.”

Kuperwasser added that while Israel supports strengthening the Lebanese army, Beirut fears direct confrontation with Hezbollah could ignite another civil war.

Advertisement

“The Lebanese government fears military action against Hezbollah would lead to civil war,” he said. “That fear shapes everything.”

The talks also come amid mounting domestic pressure inside Israel, where critics of Netanyahu have accused the government of pursuing containment rather than decisive military victory against Hezbollah.

Speaking Friday during a visit to Israel’s northern front, Netanyahu said Israeli forces had crossed the Litani River and were operating across multiple parts of Lebanon. 

“We are operating in Beirut, in the Bekaa Valley, across the entire front and striking Hezbollah hard,” Netanyahu said.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Advertisement

A woman holds her dog as she walks past burned cars a day after an Israeli airstrike in Beirut, Lebanon, on April 9, 2026. (Emilio Morenatti/AP)

Meanwhile, Lebanon’s leadership is attempting to balance growing American pressure with fears of internal instability and renewed sectarian conflict.

Neither the Israeli Embassy in Washington nor the Lebanese Embassy in Washington immediately responded to requests for comment. The Pentagon did not have anything to add when asked to comment. 

Continue Reading

World

Israel, Russia among new additions on UN sexual violence ‘blacklist’

Published

on

Israel, Russia among new additions on UN sexual violence ‘blacklist’

The United Nations has confirmed it placed Israel on a blacklist of countries suspected of committing sexual violence against civilians, and pushed back on accusations made by Israel regarding its inclusion.

The list, part of a “conflict-related sexual violence” report released on Friday, prompted Israel’s foreign ministry to say it would sever all ties with UN Secretary-General Antonio Guterres.

Recommended Stories

list of 3 itemsend of list

Last August, the UN cited “credible information” regarding sexual violence committed by Israeli security forces against Palestinian detainees in prisons and other detention centres, and said UN inspectors had been denied access to the facilities.

“We invited the representative of the UN to come to Israel to check those ridiculous allegations. They chose not to come,” Israel’s UN Ambassador Danny Danon posted on X on Thursday.

“I never received an iota of information on measures taken by the government of Israel on implementation of the preventive measures,” Pramila Patten, the UN official who authored the report, told reporters on Friday at a briefing at the UN’s New York headquarters.

Advertisement

“I have made several requests in writing, and sometimes during meetings, for details about initial steps, including the issuance of orders of command information on access and information on accountability measures, but I did not get any response on the substantive aspect of the preventive measures,” she added.

Patten did confirm that there had been an invitation from Israel, but referred also to disagreements about the scope of the visit and related issues of access and cooperation, and said it ultimately had to be suspended due to Israel’s war on Gaza.

‘Multiple incidents’ in Gaza and occupied West Bank

This year’s report ⁠said that in 2025 “the United Nations verified multiple incidents of conflict-related sexual violence, including as a form of torture, inflicted against 14 men, seven women, nine boys and one girl from the Gaza Strip and the [occupied] West Bank.”

It said 13 of the attacks happened last year, and 18 in 2023 and 2024.

“Violations consisted ⁠of rape, including with objects, gang rape, attempted rape, physical violence to the genitals, instances of targeted shooting of the genitals, touching ⁠of breasts and genitals, strip and cavity searches conducted without apparent security justification, forced nudity and threats of rape,” it said.

Advertisement

“Rape and gang rape, in some cases repeated, were perpetrated against nine victims, the majority Palestinians from Gaza,” it said, adding that perpetrators included Israeli armed and security forces. The assaults occurred primarily during detention and interrogation in several sites, including military camps, at checkpoints and during Israeli military operations in the Occupied Palestinian Territory.

It said survivors included journalists and human rights defenders and in some cases, the violations were filmed or photographed, including one case of rape.

The report added that sexual violence against female detainees included mostly threats of rape, forced nudity, unwanted touching, and humiliating or degrading strip searches without justification, while men and boys were targeted with rape, attempted rape and violence to the genitals.

This resulted in five male victims suffering severe rectal bleeding or swelling for multiple days or ‌weeks, ‌it added.

Russia added to list alongside Israel

The latest UN report also contains harrowing descriptions of abuses at the hands of Russia’s military after “findings of continued patterns of sexual violence documented”.

Advertisement

The UN human rights monitoring mission in Ukraine had verified 310 cases of conflict-related sexual violence perpetrated by Russian armed and security forces.

It said the cases, including rape, gang rape, genital mutilation, electric shocks and beatings to the genitals, injured 280 men, 26 women and four girls.

The report’s annex lists 77 parties deemed responsible for patterns of conflict-related sexual violence, including 62 non-state actors.

New additions include three non-state armed groups operating in the Democratic Republic of the Congo.

Nearly 10,000 cases of conflict-related sexual violence were recorded worldwide last year – more than double the previous year’s figure, the report said.

Advertisement

Being added to the list does not automatically carry specific punitive measures such as sanctions, although public naming and shaming can cause significant reputational damage for the ‌states involved, and those repeatedly listed are barred from UN peacekeeping operations.

Patten said the increase in cases of conflict-related sexual violence verified by the United Nations marks a very disturbing trend that was still only the “very tip of the iceberg”.

“This number can ⁠be attributed to the fact that we are going through a time when we have a record number of extremely violent conflicts, and the fact that perpetrators are feeling emboldened by a context of impunity, where this crime is almost cost-free,” she said.

Continue Reading
Advertisement

Trending