Three sons of Hamas leader Haniyeh killed in Israeli airstrike
Three sons of Hamas leader Ismail Haniyeh, along with three grandchildren, were killed in an Israeli airstrike in the Gaza Strip.
withdrawal
Silver climbs to near $28, tracking rally in gold
Silver is trading at a two-year high near .00 per ounce, driven by heightened consumer and industrial demand as well as central banks increasing their reserves in gold. US Treasury yields have corrected after two days of gains, with the 2-year and 10-year yields standing at 4.78% and 4.39%, respectively. Traders are eagerly awaiting the release of the US Consumer Price Index data scheduled for Wednesday, with expectations of an acceleration in the headline CPI and a cooling down in the core measure. Geopolitical tensions in the Middle East have eased, with peace talks between Israel and Hamas resuming in Egypt. Traders will focus on the upcoming US inflation data and the release of FOMC minutes this week to gain more clarity on the timing of the Fed’s monetary policy adjustments.
Israeli military reduces troops in southern Gaza, spokesperson says
The Israeli military has withdrawn ground troops from the southern Gaza Strip, leaving just one brigade there. The move comes as Egypt prepares to host talks for a ceasefire and hostage release deal. The offensive in Gaza has focused on the south, with more than 33,100 Palestinians killed. Israel is facing threats from Hezbollah in Lebanon and potential retaliation from Iran. President Biden has demanded Israel improve humanitarian conditions and work towards a ceasefire, leveraging U.S. aid to influence Israeli military behavior. More than 130 hostages are still in captivity in Gaza.
Fenerbahce to vote on Super Lig withdrawal threat
Fenerbahce are set to vote on whether they will withdraw from the Super Lig after their players were attacked by Trabzonspor fans during a match.