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The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after recovering from an early downturn and ending the previous session roughly flat.
European stocks fell on Monday, with increased geopolitical tensions and fading expectations of an early rate cut in the U.S. keeping investors worried. Israel struck Hamas and Hezbollah terror facilities in Khan Yunis and Lebanon in overnight strikes, the Israel Defense Forces said earlier today.
U.K. stocks traded lower on Monday, with energy stocks underperforming after top exporter Saudi Arabia cut June prices for Asia. Meanwhile, U.K. job placements declined again at the end of the year, albeit at softer rates as employers remained cautious about hiring, a survey report compiled by S&P Global showed.
The fast charger segment is expected for substantial market share growth during the forecast period within the electric vehicle charging infrastructure...
“It appears that the economies of scale just aren’t enough to help these projects amid these macroeconomic events,” said Timothy Fox, an analyst at ClearView Energy Partners. “All those projects were on the bubble, so it’s not surprising that Equinor and BP want to reduce some of the risk they’re facing.” About 17.5 gigawatts of US offshore wind projects have won state contracts, and proposals representing more than half of that are in dispute or have been canceled, according to Fox.