A senior Fatah leader said here on Thursday that the Israeli-Palestinians proximity talks did not yield any progress that meets previously set conditions.
The meeting between US President Barack Obama and Israeli Prime Minister Benjamin Netanyahu in Washington on Tuesday did not provide any good signs, Nabil Shaath, a Fatah Central Committee member, told reporters in Cairo after meeting with Arab League Secretary-General Amr Moussa.
Shaath and Moussa discussed the Middle East peace process and ways to achieve the Palestinian reconciliation and end the Israeli embargo imposed on the Gaza Strip since 2007.
"There has not been any progress through the indirect talks, and thus, a meeting (of the Arab Peace Initiative Follow-up Committee) requested by the Palestinian National Authority and was agreed to by Secretary-General of the Arab League, will take place soon," Shaath said, adding "that meeting will assess the whole situation and will make an Arab decision on the issue."
According to the Fatah leader, the Palestinian decision will be submitted to the Arab Peace Initiative Follow-up Committee's meeting scheduled for July 29, to coordinate a concerted Arab action.
"If we can get some confirmation from the earnings and then the stocks rally on that, it will be a very good sign that we'll have a decent summer," said Blair Falconer, portfolio manager at HSBC Securities.
North American markets finished higher last week, with the TSX up 3.34 per cent and the Dow industrials ahead 5.28 per cent as bargain hunters moved in following big slides of over four per cent the previous week.
NEW YORK — Analysts are raising earnings estimates for U. S. companies at the fastest rate since at least 2004 during a quarter when stocks have posted some of their biggest losses in 16 months on concern that the economy will sink back into a recession.
Profit for companies in the Standard & Poor’s 500 Index now are expected to jump 34 percent this year, according to more than 8,000 estimates compiled by Bloomberg. On March 29, the projected increase had been 27 percent. The revision is the greatest during any quarter in at least six years.
But lower-than-forecast home sales, manufacturing and private-sector job growth have sent the benchmark gauge for U. S. equities down 11 percent since hitting 1,217 April 23, despite last week’s rally.
