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October 24 (Palestinian News Agency) – The Israeli army launched a military operation in the West Bank city of Hebron on October 23, displacing approximately 1,500 Palestinians from their homes, with another 2,500 slated for removal. The Palestinian News Agency quoted Hebron Governor Khaled Dudin as saying that the operation has displaced more than 200 Palestinian families. The Israeli army has also destroyed homes and shops, blocked roads leading to Hebron, and prohibited residents from entering or leaving the city. The Israel Defense Forces (IDF) issued a statement on October 23 stating that it would conduct a “precise, targeted, and comprehensive” search operation in Hebron to locate and destroy “terrorist” facilities and weapons.U.S. Central Command: Two U.S. Air Force A-10 fighter jets were conducting a routine daytime patrol mission over the Middle East.Houthi rebels: Our armed forces have launched strikes against Saudi enemy strongholds, including the so-called Victory Camp and the naval base in Aden.On October 24th, research data presented at a medical conference on Saturday showed that Amgens Imdelltra, when used in combination with AstraZenecas immunotherapy Imfinzi, reduced the risk of death in patients with extensive-stage small cell lung cancer by 58%, superior to Imfinzi alone. For this aggressive and difficult-to-treat cancer, Imfinzi is currently the standard post-chemotherapy treatment if the patients condition has not worsened after initial chemotherapy. The study showed that the median survival was 21.1 months in the combination therapy group and 12.7 months in the monotherapy group. Amgens Chief Medical Officer, Paul Burton, stated that the earlier Imdelltra is used, the greater the clinical benefit for patients. He said this result has unprecedented significance in advancing the treatment of extensive-stage small cell lung cancer.On October 24, the United States updated its travel warnings for the Gulf region and several Middle Eastern countries, citing escalating threats from Iranian-backed Houthi rebels. According to the US security alert, the updated travel warnings cover Saudi Arabia, Qatar, the United Arab Emirates, Iraq, Lebanon, and Israel. The US stated that this move was due to concerns about "escalating threats of further aggression by the Iranian-backed Houthi rebels in the region."

Fears of Stagflation Caused by Tightening Policies Increase As Asian Stocks Fluctuate

Haiden Holmes

Jun 15, 2022 11:11

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Asia-Pacific stocks were mixed this morning, Wednesday. Ahead of a U.S. Federal Reserve meeting that is likely to provide strong tightening decisions, U.S. share markets continued to decline.


Nikkei 225 dropped 0.67 percent at 10:49 PM ET (2:49 AM GMT).


The KOSPI decreased by 1.21 percent.


Australia's ASX 200 index declined 0.38 percent.


Hong Kong's Hang Seng gained 1.14 percent .


Shenzhen Component rose 0.49 percent and Shanghai Composite rose 0.90 percent.


China's industrial output climbed by 0.7% year-over-year in May, according to statistics released on Wednesday, which was marginally higher than market estimates. In April, a decrease of 2.9% was seen, whereas Investing.com had expected a decrease of 0.7%.


Nonetheless, as Beijing saw clusters of COVID-19 breakouts, the city's officials warned on Tuesday that the city was in a "race against time," heightening concerns that the reinstatement of harsh restrictions might harm the city's economy and global supply chain.


The S&P 500 finished down for the fifth consecutive day due to concerns that Fed measures to tighten monetary policy to calm raging inflation might lead to stagflation.


Investors are now betting on aggressive interest rate rises, such as 75 basis points from the Fed, which would be the largest increase since 1004


Steve Englander, director of global G10 FX research at Standard Chartered Bank, wrote in a note, "Inflation is front and center in the headlines and asset markets, and few are voicing worry about over tightening the monetary policy."

After their greatest decline in decades, Treasuries stabilized. Two-year rates recovered after reaching a level not seen since 2007, while 10-year yields retreated from around 3.5 percent.


Barbara Ann Bernard, chief investment officer of Wincrest Capital Ltd., told Bloomberg, "The sooner they are explicit about how rapidly they would increase interest rates and what amount of inflation they consider acceptable, the sooner the markets will settle down."


The Bank of England will announce its policy decision on Thursday, while the Bank of Japan will announce its decision on Friday.


Bitcoin's value on the cryptocurrency market steadied at $22,000.


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