What fuelled this week's record-breaking stock rally
What fuelled this week’s record-breaking stock rally
record breaking stock rally
The Federal Reserve’s long-awaited interest rate cut last week.
Last week, the S&P 500 and Dow surged to new highs after the Fed said it was cutting interest rates by half a point, signalling a change from the aggressive hiking cycle that took rates to 23-year highs record breaking stock rally.
The CNN Fear & Greed Index, which measures seven barometers of market sentiment, came in at ‘greed’.
Strong economic data this week kept the party going. Record breaking stock rallyThe S&P 500 on Thursday marked its 42nd record closing high of the year, while the Dow marked its 32nd record closing high of the year on Friday. All three major indices had a positive week. The Dow rose 0.6%, the S&P 500 added 0.6% and the Nasdaq Composite gained about 1%.
The Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation gauge.
Showed that prices paid by consumers for goods and services rose 2.2% last month on an annualised basis, down from 2.5% in July record breaking stock rally .
This figure was below the expectations of economists surveyed by FactSet.
And was one step closer towards the Fed’s 2% inflation target.
New data this week has provided further encouragement that the economy is on a strong footing.
The third estimate for second-quarter gross domestic product showed that the US economy expanded at 3% growth from a year earlier.
‘What appears to be unfolding before our eyes is a soft landing scenario that only the most optimistic can dream of.
Gregory Daco, chief economist of EY, wrote in a note on Thursday.
A soft landing is a scenario where inflation falls without the economy entering a recession.
Elsewhere, the average interest rate on a standard 30-year mortgage fell to its lowest level since September 2022 this week.
According to Freddie Mac data.
Providing relief for Americans stung by the tough housing market. Applications to refinance mortgages jumped 20% last week from the previous week.
According to Mortgage Bankers Association data. The housing market is known to be sensitive to the ebb and flow of the economy.
Investors are now looking forward to the September labour report due on Friday.
Employers added about 142,000 jobs last month, up from July’s dismal numbers.
While the unemployment rate fell to 4.2%, giving hope that the labour market is weakening but still in solid shape.
With the Fed’s current focus being on keeping the labour market healthy.
Friday’s report will likely provide clues for the Fed’s next move at its November policy meeting.
Meanwhile, technology stocks continued to rally this week on rate cut optimism and strong earnings from Micron. Nvidia shares jumped 4.6%, Tesla shares rose 9.3% and Meta Platforms shares added 1.1%.
In China, stocks climbed higher this week after the central bank introduced a policy package aimed at stimulating its struggling economy, including lowering interest rates.
Oil prices fell this week. The national average price of gas is about $3.21, according to GasBuddy.
The Financial Times reported on Thursday, citing anonymous sources.
That Saudi Arabia plans to cancel its $100 per barrel price target for oil.
Gold futures fell from a new record high reached on Thursday.
The latest in a series of records that have been set this year.
Gold has set repeated record highs this year, fuelled by central bank purchases of the precious metal and concerns about the health of the US economy.
Bitcoin surged this week. The price of the cryptocurrency was last traded at around $65,747 per coin.
Cristiano Ronaldo is back! The superstar returned to the Al-Nassr line-up with a goal from the penalty spot as Al-Wehda were eliminated in the Saudi Pro League
Cristiano Ronaldo is back!
Cristiano Ronaldo is back!
The superstar returned to the Al-Nassr line-up with a goal from the penalty spot as Al-Wehda were eliminated in the Saudi Pro League
Cristiano Ronaldo scored his fourth goal of the season to take Al-Nassr to second place in the Saudi Pro League after a 2-0 win over 10-man Al-Wehda.
Al-Nassr secured a vital league win over Al-Wehda on Friday night.
After being repeatedly frustrated by an inspired Abdullah Al-Owaishir in the Al-Wehda goal.
Former Chelsea player Angelo Gabriel broke the deadlock in the 41st minute when his misplaced cross found the back of the net from the edge of the box.
A spirited Sultan Al-Ghannam then earned his side a penalty, which captain Ronaldo. Who was rested for the 2-1 win over Al-Hazm on Monday – converted in the 56th minute. Sadio Mane appeared to have made it 3-0 late on, but the goal was ruled out as Ronaldo was offside.
Waleed Bakshween was sent off four minutes from time as new coach Stefano Pioli earned his third consecutive win since replacing Luis Castro earlier this month.
The 19-year-old was too much for the visitors to handle and on another day the Brazilian.
Could have scored a hat-trick – with one superb strike saved by the post. He might just be the key for them this season.
Although Al-Wehda would never be able to mount a late comeback.
As they had just 34 per cent possession and four shots to the hosts’ 18.
Waleed Bakshween was booked for an 86th-minute reckless challenge on Abdullah Al-Khaibari to end a difficult night for his side.
WHAT HAPPENS NEXT?
Al-Nassr will take a break from Saudi Pro League action when they host.
Al-Rayyan on Monday night for their second AFC Champions League match.
Before returning to face Al-Orobah in the league on 5 October.
Barcelona was penalized for purportedly racist fan conduct; the La Liga powerhouses received an £8,000 fine and an admission ban.
Barcelona was penalized for purportedly racist fan conduct; the La Liga powerhouses received an £8,000 fine and an admission ban.
Barcelona supporters have been charged for the “racist behavior of its followers.
Thus they will not be allowed to attend their team’s Champions League match against Red Star Belgrade.
Consequently, what happened?
Barcelona was penalized for has been fined £8,330 (€10,000/$11,163). Supporters during the September 2-1 Champions League loss to Monaco.
According to the governing body, supporters of Barcelona are not allowed to travel to the competition’s next away game, which is on November 6 against Red Star. UEFA has not yet established the type of racist behavior.
14(2) of the UEFA Disciplinary Regulations according to a statement released by UEFA on Friday. In response to the racist behavior of its supporters.
The UEFA Appellate Body decided on April 17, 2024, to impose suspended disciplinary measures.
Which include prohibiting FC Barcelona from selling tickets to its away supporters for its next.
To sell tickets to its away fans for one more UEFA competition games.
The prohibition against selling tickets to away fans is postponed for a year, beginning on the day this decision is made.
Barcelona has already faced criticism for the actions of its supporters.
Following a Champions League encounter against Paris Saint-Germain in the previous season.
Three Barcelona supporters were taken into custody on suspicion of uttering racial slurs and flashing the Nazi salute.
This occurs at a moment when Hansi Flick’s team has won each of their first seven La Liga games this year.
League leaders Barcelona will play again in La Liga on Saturday night when they face Granada. Barcelona lost their Champions League opening 2-1 at Monaco earlier this month.
Elbahrain.net Even though the 2024–25 season is only getting started, some of the biggest teams in Europe are starting to assess their situation.
The Premier League in England Despite being the main challenger to Manchester City’s supremacy in the Premier League for the last two seasons, Arsenal was not successful in either of the 2022–2023 or 2023–2024 seasons.
Both teams were keen to get off to a fast start in this year’s title campaign as they faced off on Sunday at City’s Etihad Stadium.
Erling Haaland, a top striker for City who only joined the team in the summer of 2022, scored his 100th goal for the team within ten minutes, dealing City the early blow.
However, things went south fast for Pep Guardiola’s club. First, Arsenal’s first goal was equalized by Riccardo Calafiori after outstanding midfielder Rodri was withdrawn 21 minutes in due to what appeared to be a catastrophic injury. After that, the Gunners used their set-piece advantage, with Gabriel Magalhães rising to the top to nod home a corner and give his team the lead.
Although the first half of the match was jam-packed with action, the main talking point was still to come. Leandro Trossard, an attacker for Arsenal, was given a questionable second yellow card shortly before halftime after committing a foul and kicking the ball across the field.
Arsenal manager Mikel Arteta went into a very defensive stance in an attempt to hold onto the lead when his team was reduced to ten players. The visitors managed to hold out for nearly the whole second half until John Stones, a City defender, burst through the North Londoners’ defense in the last minute of stoppage time, scoring from inside the box to make the score 2-2.
There were some tense moments on the field throughout the game, and thereafter, City players expressed their displeasure with what they perceived to be intentional attempts by Arsenal to impede the game’s progress. Defender Kyle Walker told BBC Radio 5 Live that the team was “frustrated” and referred to their opponents’ tactics as the “dark arts.”
Stones continued, “They slow down the game,” in an interview with BBC Sport. In order to obtain some information onto the field, they get the keeper on the ground. Those were hard times, and we had to learn to regulate our feelings.
“They have been doing that for a few years now, so we knew to expect that, but I would not say they have mastered it. Whatever term you choose, it is unduly disruptive to the rhythm of the game when they break it up.
With 13 points, City leads Arsenal by two points in fourth place as both teams have yet to lose this season.
With a commanding 5-1 victory over Villarreal on the road on Sunday, La Liga Barcelona of Spain maintained their unbeaten start to the campaign, although the three points were not earned easily.
Barça took the lead in the first half thanks to two goals from Robert Lewandowski. Ayoze Pérez gave Villareal a quick response, but Pablo Torre’s first La Liga goal and a brace from Raphinha gave the Blaugrana their sixth league victory in as many games.
Not everything went well for the Catalans, though. Marc-André ter Stegen, the team’s starting goalkeeper, was carted off the field due to a full rupture of his right patellar tendon and will likely be out for a while.
Real Madrid, Barça’s bitter rival, defeated Espanyol 4-1 over the weekend with similar ease.
On Saturday, Los Blancos had to work hard to recover from an own goal by ‘keeper Thibaut Courtois that put the Periquitos ahead. However, goals from Dani Carvajal, Rodrygo, Vinícius Jr., and summer recruit Kylian Mbappé quickly dispelled any short-lived hopes of an upset.
In addition, Carlo Ancelotti’s team is still unbeaten, trailing Barcelona by four points in second position in La Liga since September 25, 2023, against local rival Atlético.
Serie A in Italy In the Derby della Madonnina on Sunday, two of the biggest teams in Italy squared off against one other. AC Milan played Internazionale, their bitter rival.
The famous San Siro stadium is shared by the two teams, but the red side of the city celebrated the day’s conclusion when Matteo Gabbia scored an incredible last-second goal to give Milan a 2-1 victory and the right to gloat.
In the tenth minute, Christian Pulisic, the captain of the US national team, drove through the heart of the Inter defense and poked the ball past goalkeeper Yann Sommer to give the Rossoneri the lead.
Later in the first half, Federico Dimarco tied the score with an angled goal, and it appeared like a draw would be inevitable, but Milan defender Gabbia had other plans.
In the 89th minute, the center-back scored with a header to win the match and set off raucous celebrations among the Rossoneri supporters.
Paulo Fonseca, the manager of Milan, feels relieved with the result because his team had only won once in their first four league games before the derby.
Following the game, Fonseca declared, “I think the win belongs to the players and for our fans.” “Unity made the victory possible.” The players, the staff, and the club have always stood behind each other, even in these trying times.
“The players and supporters deserved this outcome today, but there are still many things to work on.”
With eight points apiece, both teams are again tied, while Inter leads Milan by one spot in sixth place due to goal differential. After five games, Torino is the unexpected leader of Serie A after defeating Hellas Verona on Friday.
Elbahrain.net In true Messi fashion, Lionel Messi celebrated his injury comeback on Saturday by setting a Major League Soccer (MLS) record, assisting on another goal, and scoring two goals in just four minutes.
Messi made his first appearance for Inter Miami in over three months, and in just 19 games—10 fewer than anybody else—he became the fastest player in league history to achieve 15 goals and 15 assists. On Saturday, he contributed to all three of Miami’s goals as his club defeated the Philadelphia Union 3-1.
These attempts followed Miami’s disastrous start to the match, as Mikael Uhre rifled the ball past goalie Drake Callender’s outstretched fingertips and into the net in the first minute of play.
Messi grabbed a pass from Luis Suárez inside the box and put the ball into the net to tie the score with Miami down 1-0. The Argentine scored his second goal four minutes later, deceiving the Philadelphia defenders and prodding the ball into the net from nearly the same place.
In the 85th minute, Callender’s last-ditch save kept Philadelphia from tying the score, but Miami quickly took the lead when Messi switched roles and fed Suárez, who finished neatly in the corner of the net. Suárez’s goal, his 17th of the season, established a new club record for the most goals scored in a single Major League Soccer regular season.
Messi afterwards acknowledged that he was a “bit fatigued.” Messi has not played since July 14 when he was hurt while representing Argentina in the Copa América final.
“I had been off the field for a long time, and the heat and humidity in Miami do not help much either,” he remarked after the game, according to TNT Sports, which is owned by Warner Bros. Discovery along with CNN.
“We decided that I would start since little by little I was training with the group and feeling well, and I am quite happy – extremely happy.”
In true Messi fashion, Lionel Messi celebrated his injury comeback on Saturday by setting a Major League Soccer (MLS) record, assisting on another goal, and scoring two goals in just four minutes.
Messi made his first appearance for Inter Miami in over three months, and in just 19 games—10 fewer than anybody else—he became the fastest player in league history to achieve 15 goals and 15 assists. On Saturday, he contributed to all three of Miami’s goals as his club defeated the Philadelphia Union 3-1.
These attempts followed Miami’s disastrous start to the match, as Mikael Uhre rifled the ball past goalie Drake Callender’s outstretched fingertips and into the net in the first minute of play.
Messi grabbed a pass from Luis Suárez inside the box and put the ball into the net to tie the score with Miami down 1-0. The Argentine scored his second goal four minutes later, deceiving the Philadelphia defenders and prodding the ball into the net from nearly the same place.
In the 85th minute, Callender’s last-ditch save kept Philadelphia from tying the score, but Miami quickly took the lead when Messi switched roles and fed Suárez, who finished neatly in the corner of the net. Suárez’s goal, his 17th of the season, established a new club record for the most goals scored in a single Major League Soccer regular season.
Messi afterwards acknowledged that he was a “bit fatigued.” Messi has not played since July 14 when he was hurt while representing Argentina in the Copa América final.
“I had been off the field for a long time, and the heat and humidity in Miami do not help much either,” he remarked after the game, according to TNT Sports, which is owned by Warner Bros. Discovery along with CNN.
“We decided that I would start since little by little I was training with the group and feeling well, and I am quite happy – extremely happy.”
In true Messi fashion, Lionel Messi celebrated his injury comeback on Saturday by setting a Major League Soccer (MLS) record, assisting on another goal, and scoring two goals in just four minutes.
Messi made his first appearance for Inter Miami in over three months, and in just 19 games—10 fewer than anybody else—he became the fastest player in league history to achieve 15 goals and 15 assists. On Saturday, he contributed to all three of Miami’s goals as his club defeated the Philadelphia Union 3-1.
These attempts followed Miami’s disastrous start to the match, as Mikael Uhre rifled the ball past goalie Drake Callender’s outstretched fingertips and into the net in the first minute of play.
Messi grabbed a pass from Luis Suárez inside the box and put the ball into the net to tie the score with Miami down 1-0. The Argentine scored his second goal four minutes later, deceiving the Philadelphia defenders and prodding the ball into the net from nearly the same place.
In the 85th minute, Callender’s last-ditch save kept Philadelphia from tying the score, but Miami quickly took the lead when Messi switched roles and fed Suárez, who finished neatly in the corner of the net. Suárez’s goal, his 17th of the season, established a new club record for the most goals scored in a single Major League Soccer regular season.
Messi afterwards acknowledged that he was a “bit fatigued.” Messi has not played since July 14 when he was hurt while representing Argentina in the Copa América final.
“I had been off the field for a long time, and the heat and humidity in Miami do not help much either,” he remarked after the game, according to TNT Sports, which is owned by Warner Bros. Discovery along with.
“We decided that I would start since little by little I was training with the group and feeling well, and I am quite happy – extremely happy.”
Hezbollah responds to Israeli attacks more forcefully, but it does not completely remove its gloves.
Hezbollah responds to Israeli attacks more forcefully, but it does not completely remove its gloves.
Hezbollah responds to Israeli
Even while Hezbollah declared it would “fight without limitations” against Israel, its reaction to consecutive Israeli strikes seems well-planned.
Its strike, intercepted on Wednesday near Tel Aviv, was both unusual and subdued. It was a day of firsts for several reasons: first, Hezbollah fired what it claimed to be a ballistic missile at Israel; second, it was the first time a missile had traveled from Lebanon to a location close to Tel Aviv; and third, the militant group’s leader, Hassan Nasrallah, fulfilled his pledge to retaliate against Israeli strikes on Beirut by launching Hezbollah’s own missiles towards Tel Aviv.
However, a single missile, even a ballistic one, was always going to have been shot down due to the effectiveness of Israel’s air defenses.
So why only launch one? The single shot on Tel Aviv may be interpreted as a cease-and-desist order as the likelihood of full-scale conflict between Israel and Hezbollah, as well as their respective supporters in Iran and the United States, increases daily.
Do not attempt us; we have strong weapons at our disposal and a strong ally at our disposal, Hezbollah appeared to be saying.
Although the militant organization still possesses a variety of medium- and long-range missiles in its arsenal, Wednesday’s hit seemed to be a hint of the kind of punch it could deliver.
Hezbollah is responding to a concerted Israeli attempt to get the armed organization to stop firing at Israel’s northernmost area every day, and this strike is the most recent rung in its carefully orchestrated escalation.
It is important to keep in mind how we got here. After Hamas attacked Israel on October 7, Hezbollah decided to fight back in support of the Palestinians in Gaza. It has managed to keep Israel at bay thus far. It had mostly restricted its engagement to almost daily cross-border strikes until last week, when the Israeli military returned.
Although almost 60,000 Israelis were forced to evacuate their homes in the country’s north due to the strikes, the death toll was comparatively modest. As part of the cross-fire, Israeli strikes also emptied the Lebanese side of the border, killing close to 100,000 people.
However, after 12 Druze children were killed by a rocket attack in the Israeli-occupied Golan Heights, things started to get out of hand. Although Hezbollah has “firmly” denied being behind the incident, Israel has accused the organization of firing the rocket, which originated in the direction of Lebanon.
However, for Israeli officials, things had gotten too bad.
Encouraged by bellicose allies on the far right
Prime Minister Benjamin Netanyahu started to switch his focus from fighting Hamas in Gaza to Hezbollah in Lebanon.
Israel has been fighting in Gaza for nearly a year with the dual objectives of eliminating Hamas and freeing the captives it had kidnapped.
Israel announced a new goal on September 16: to guarantee the safe return of citizens living near the border with Lebanon to their houses.
The following day, hundreds of Hezbollah terrorists’ pagers detonated all over Lebanon. Hezbollah walkie-talkies blew up also the next day.
The pair of assaults dealt a devastating blow to the group, leaving thousands injured and dozens dead.
Israel’s spy agency. Israel has not taken credit for the assaults.
Hezbollah responds to Israeli
It killed its leader Ibrahim Aqil and other high-ranking members of Hezbollah when it launched an airstrike on a multi-story.
Building in a Beirut suburb where a group of the organization’s elite Radwan Force had convened the following day.
Ibrahim Qubaisi, another top figure in charge of Hezbollah’s missile units, was killed in another airstrike this week.
It is important to keep in mind how we got here. After Hamas attacked Israel on October 7, Hezbollah decided to fight back in support of the Palestinians in Gaza. It has managed to keep Israel at bay thus far. It had mostly restricted its engagement to almost daily cross-border strikes until last week, when the Israeli military returned.
Although almost 60,000 Israelis were forced to evacuate their homes in the country’s north due to the strikes.
The death toll was comparatively modest..
As part of the cross-fire, Israeli strikes also emptied the Lebanese side of the border, killing close to 100,000 people.
However, after 12 Druze children were killed by a rocket attack in the Israeli-occupied Golan Heights, things started to get out of hand.
Although Hezbollah has “firmly” denied being behind the incident.
Israel has accused the organization of firing the rocket, which originated in the direction of Lebanon.
However, for Israeli officials, things had gotten too bad.
Encouraged by bellicose allies on the far right, ..
Prime Minister Benjamin Netanyahu started to switch his focus from fighting Hamas in Gaza to Hezbollah in Lebanon.
Israel has been fighting in Gaza for nearly a year with the dual objectives of eliminating Hamas and freeing the captives it had kidnapped.
Israel announced a new goal on September 16: to guarantee the safe return of citizens living near the border with Lebanon to their houses.
The following day, hundreds of Hezbollah terrorists’ pagers detonated all over Lebanon. Hezbollah walkie-talkies blew up also the next day. The pair of assaults dealt a devastating blow to the group, leaving thousands injured and dozens dead.
Israel persisted with itsattacks.
It killed its leader Ibrahim Aqil and other high-ranking members of Hezbollah when it launched an airstrike on a multi-story building in.
A Beirut suburb where a group of the organization’s elite Radwan Force had convened the following day.
Ibrahim Qubaisi, another top figure in charge of Hezbollah’s missile units, was killed in another airstrike this week.
It declared that it fired the ballistic missile on Wednesday in “protection of Lebanon and its people”—a clear admission.
That it is currently fighting for its own territory—and in solidarity with the Palestinians in Gaza.
Although neither side has officially declared war on the other, their increasingly ambitious objectives may render such declarations meaningless.
Hezbollah maintains that unless there is a ceasefire in Gaza, there will be none in Lebanon. In addition to its insistence that there will not be a ceasefire in Gaza,
Netanyahu’s administration has made peace in Lebanon increasingly improbable.
From here, where do both parties go? There is not much room for anyone to retreat.
Many Lebanese citizens are not waiting to find out if foreign calls to reduce the tensions would be successful. Up to 500,000 people have been displaced by Israel’s attack, according to Lebanon’s Foreign Minister Abdallah Bou Habib.
As more Lebanese travel even further north and foreign embassies urge their residents to leave the country.
Beirut’s streets are becoming deserted.
The escalating armed war is further depressing Lebanon’s already weary populace after years of strife.
For individuals experiencing widespread shelling and dislocation.
The fact that neither Hezbollah nor the Lebanese authorities have referred to this as a war is not particularly comforting.
Leader of the Palestinian Authority tells UN that "madness" cannot last in Gaza and the West Bank
Palestinian Authority leader tells UN “madness” cannot continue in Gaza and West Bank
Palestinian Authority leader tells UN
President Mahmoud Abbas told the United Nations General Assembly that the whole world is responsible for what is happening in Gaza and the West Bank.
“Stop killing children and women, stop the genocide, stop sending weapons to Israel. This madness cannot continue. The entire world is responsible for what is happening to our people in Gaza and the West Bank,” Abbas said in his opening remarks.
Abbas said Gaza is now unrecognizable and called for the international community to impose sanctions on
Israel.
“Seventy-five precent of everything in Gaza has been fully destroyed,” Abbas said.
Abbas criticized the US for vetoing resolutions against Israel in the UN Security Council and for providing Israel with weapons that have been used to kill thousands of innocent civilians.
He went on to say: “Israel does not deserve to be a member of the United Nations and says it has not fulfilled the conditions for membership to the UN.”
Remember: World leaders are in New York City for the 79th United Nations General Assembly to discuss global issues and highlight their countries’ priorities.
Official speechmaking began on Tuesday morning, with the war in Gaza dominating attention.
Israeli Prime Minister Benjamin Netanyahu is expected to speak on Friday.
Israel says strikes on Beirut suburbs killed Hezbollah commander
The Israeli military claimed its strikes on Beirut’s southern suburbs on Thursday killed Hezbollah.
Commander Muhammad Hussein Srour, who it said was the head of the group’s Aerial Command.
Under “the direction of IDF intelligence, the IAF [Israeli Air Force] struck and eliminated the terrorist.
Muhammad Hussein Srour in Beirut,” the Israel Defense Forces said.
The IDF alleged Srour was a longtime member of Hezbollah who had “promoted and executed several terrorist attacks against.
Israeli civilians and IDF soldiers using UAVs and explosive devices.”
Netanyahu approved the “assassination operation”.
During his flight to New York for the United Nations General Assembly, the prime minister’s office said.
Gantz says Israel has "exhausted every diplomatic opportunity" with Hezbollah
Gantz says Israel has “exhausted every diplomatic opportunity” with Hezbollah
Israel “has exhausted every diplomatic opportunity possible to try stop Hezbollah’s.
Onslaught targeting the people of northern Israel,” he told German Chancellor Olaf Scholz during a visit to Germany on Thursday.
Remember: One of Prime Minister Benjamin Netanyahu’s most prominent political challengers.
Gantz left the government in June when he resigned as war cabinet minister.
After accusing Netanyahu of preventing the country from moving toward a “real victory” in Gaza.
On Thursday, the centrist Gantz echoed the sentiments of Netanyahu’s right-wing Israeli government.
He also said Israel was ready to hold the State of Lebanon accountable for terror.
Originating from its territory and facilitate a sustainable.
Gantz’s comments come a day after Israel’s Ambassador to the UN Danny Danon told reporters at the UN that his country prefers a diplomatic solution in Lebanon to deal.
With the Iran-backed militant group, but that Israel would not hesitate to “use other methods to show to the other side that we mean business.
At least 1,540 people have been killed across Lebanon since hostilities erupted between Iran-backed militant group Hezbollah and Israel on October 8 last year.
According to a report released by Lebanon’s Disaster Risk Management Unit on Thursday.
At least 5,410 other people have been wounded since then, the report said.
Among the victims, 60 people have been killed and 81 wounded in the past 24 hours, according to the report.
More context: Israel and Hezbollah have been trading deadly cross-border fire for months, forcing tens of thousands of civilians on both sides of the Israel-Lebanon border to flee. Violence escalated over the past week in a series of Israeli surprise attacks and strikes.
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