Futures for Wall Street's main stock indexes fell Tuesday as investors assessed diplomatic efforts to contain the Middle east conflict, while gearing up for a slew of U.S. big bank earnings and economic data for insights into the economic health.
U.S. President Joe Biden is set to make a high stakes visit to Israel on Wednesday, after Washington said Prime Minister Benjamin Netanyahu agreed to let humanitarian aid reach Gazans.
"They would not have liked Israel's improving relations with some Arab countries and therefore they need the conflict to keep going, not only to allow them to attack Israel via their proxy armies but also derail these improving relationships." "We believe the profits recession is over and the U.S. economy is on track for a soft-ish landing following healthy consumer activity, cooling inflation, and solid growth," said UBS Global Wealth Management Chief Investment Officer Mark Haefele.
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