UN Security Council votes for international force for Gaza

The UN Security Council voted Monday in favor of a US-drafted resolution bolstering Donald Trump’s Gaza peace plan that includes the deployment of an international force and a path to a future Palestinian state.There were 13 votes in favor of the text, which US President Trump claimed would lead to “further Peace all over the World,” with only Russia and China abstaining — but no vetoes.Trump posted on social media that the vote “acknowledging and endorsing the BOARD OF PEACE, which will be chaired by me…will go down as one of the biggest approvals in the History of the United Nations, (and) will lead to further Peace all over the World.”US ambassador to the UN Mike Waltz said after the vote that “today’s resolution represents another significant step that will enable Gaza to prosper and an environment that will allow Israel to live in security.”But Hamas, which is excluded by the resolution from any governance role in Gaza, said the resolution did not meet Palestinians’ “political and humanitarian demands and rights.”The text, which was revised several times as a result of high-stakes negotiations, “endorses” the US president’s plan, which allowed for a fragile ceasefire between Israel and Hamas to take hold on October 10 in the war-wracked Palestinian territory.The Gaza Strip has been largely reduced to rubble after two years of fighting, sparked by Hamas’s attack on Israel on October 7, 2023.The peace plan authorizes the creation of an International Stabilization Force (ISF) that would work with Israel and Egypt and newly trained Palestinian police to help secure border areas and demilitarize the Gaza Strip.The ISF is mandated to work on the “permanent decommissioning of weapons from non-state armed groups,” protecting civilians and securing humanitarian aid corridors.- Palestinian statehood pathway -It also authorizes the formation of a “Board of Peace,” a transitional governing body for Gaza — which Trump would theoretically chair — with a mandate running until the end of 2027.In convoluted language, the resolution does mention a possible future Palestinian state.Once the Palestinian Authority has carried out requested reforms and the rebuilding of Gaza is underway, “the conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood,” the text says.That eventuality has been firmly rejected by Israel.The resolution also calls for the resumption of humanitarian aid deliveries at scale through the UN, ICRC and Red Crescent.”We must also substantially step up our work to support the UN humanitarian effort. That requires opening all crossings and ensuring that aid agencies and international NGOs can operate without obstruction,” said a British ambassador to the UN, James Kariuki.Israeli ambassador to the UN Danny Danon said ahead of the vote that the resolution would “make sure that Hamas will not pose a threat against Israel anymore.”Veto-wielding Russia circulated a competing draft, saying the US document does not go far enough towards backing the creation of a Palestinian state.Moscow’s text, seen by AFP, asked the Council to express its “unwavering commitment to the vision of the two-state solution.”It would not have authorized a Board of Peace or the deployment of an international force for the time being, instead asking UN Secretary-General Antonio Guterres to offer “options” on those issues.”Security Council members were, in practice, not given the time to do the work in good faith,” Moscow’s ambassador Vasily Nebenzya said.”The US document is yet another pig in a poke. In essence, the Council is giving its blessing to a US initiative on the basis of Washington’s promises, giving complete control over the Gaza strip to the Board of Peace.” The US won the backing of several Arab and Muslim-majority nations, publishing a joint statement of support for the text signed by Qatar, Egypt, the United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan, and Turkey.

UN Security Council votes for international force for Gaza

The UN Security Council voted Monday in favor of a US-drafted resolution bolstering Donald Trump’s Gaza peace plan that includes the deployment of an international force and a path to a future Palestinian state.There were 13 votes in favor of the text, which US President Trump claimed would lead to “further Peace all over the World,” with only Russia and China abstaining — but no vetoes.Trump posted on social media that the vote “acknowledging and endorsing the BOARD OF PEACE, which will be chaired by me…will go down as one of the biggest approvals in the History of the United Nations, (and) will lead to further Peace all over the World.”US ambassador to the UN Mike Waltz said after the vote that “today’s resolution represents another significant step that will enable Gaza to prosper and an environment that will allow Israel to live in security.”But Hamas, which is excluded by the resolution from any governance role in Gaza, said the resolution did not meet Palestinians’ “political and humanitarian demands and rights.”The text, which was revised several times as a result of high-stakes negotiations, “endorses” the US president’s plan, which allowed for a fragile ceasefire between Israel and Hamas to take hold on October 10 in the war-wracked Palestinian territory.The Gaza Strip has been largely reduced to rubble after two years of fighting, sparked by Hamas’s attack on Israel on October 7, 2023.The peace plan authorizes the creation of an International Stabilization Force (ISF) that would work with Israel and Egypt and newly trained Palestinian police to help secure border areas and demilitarize the Gaza Strip.The ISF is mandated to work on the “permanent decommissioning of weapons from non-state armed groups,” protecting civilians and securing humanitarian aid corridors.- Palestinian statehood pathway -It also authorizes the formation of a “Board of Peace,” a transitional governing body for Gaza — which Trump would theoretically chair — with a mandate running until the end of 2027.In convoluted language, the resolution does mention a possible future Palestinian state.Once the Palestinian Authority has carried out requested reforms and the rebuilding of Gaza is underway, “the conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood,” the text says.That eventuality has been firmly rejected by Israel.The resolution also calls for the resumption of humanitarian aid deliveries at scale through the UN, ICRC and Red Crescent.”We must also substantially step up our work to support the UN humanitarian effort. That requires opening all crossings and ensuring that aid agencies and international NGOs can operate without obstruction,” said a British ambassador to the UN, James Kariuki.Israeli ambassador to the UN Danny Danon said ahead of the vote that the resolution would “make sure that Hamas will not pose a threat against Israel anymore.”Veto-wielding Russia circulated a competing draft, saying the US document does not go far enough towards backing the creation of a Palestinian state.Moscow’s text, seen by AFP, asked the Council to express its “unwavering commitment to the vision of the two-state solution.”It would not have authorized a Board of Peace or the deployment of an international force for the time being, instead asking UN Secretary-General Antonio Guterres to offer “options” on those issues.”Security Council members were, in practice, not given the time to do the work in good faith,” Moscow’s ambassador Vasily Nebenzya said.”The US document is yet another pig in a poke. In essence, the Council is giving its blessing to a US initiative on the basis of Washington’s promises, giving complete control over the Gaza strip to the Board of Peace.” The US won the backing of several Arab and Muslim-majority nations, publishing a joint statement of support for the text signed by Qatar, Egypt, the United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan, and Turkey.

Climate talks run into night as COP30 hosts seek breakthrough

COP30 hosts Brazil on Monday extended negotiations into the night at the UN climate talks as they pushed for a rapid compromise among countries very much at deep odds. Following a difficult first week, Brazil set a deadline for nations to finalize “a significant part” of the negotiations by Tuesday evening for approval the following day.”It’s super difficult as you know… but all involved thought that it’s worth a try” said COP30 President Andre Correa do Lago in the rainforest city of Belem where the talks are underway.Sleepless nights are assured, with Correa do Lago extending the program so negotiators were “able to continue working at night.”They have their work cut out.No progress has been made to reconcile differences over weak climate commitments, insufficient financial pledges and trade measures.China and India are leading a push for COP30 to adopt a decision against unilateral trade barriers, singling out the EU’s Carbon Border Adjustment Mechanism (CBAM) for attack.Tested since 2023 and set to become fully operational in 2026, CBAM targets imports of carbon-intensive goods such as steel, aluminum, cement, fertilizers, electricity and hydrogen.The head of China’s COP30 delegation, Li Gao, told AFP last week that nations should “avoid the negative impact of, for example, geopolitical unilateralism or protectionism.”But the EU’s climate commissioner, Wopke Hoekstra, hit back at attacks over the bloc’s flagship policy and defended carbon pricing as “something that we need”.”We’re not going to be lured into the suggestion that actually CBAM is a unilateral trade measure. And in that realm, we’re also not going to discuss it,” Hoekstra said in a news conference.EU and Chinese officials were due to hold talks later Monday.- Sleepless in Belem -UN climate chief Simon Stiell urged negotiators to tackle “the hardest issues fast” to avoid going into overtime at the summit’s close on Friday.”When these issues get pushed deep into extra time, everybody loses. We absolutely cannot afford to waste time on tactical delays or stonewalling,” he said.The COP30 presidency published a memo Sunday evening summarizing the divergent viewpoints and proposing options.Money is again at the heart of the negotiations, after last year’s summit in Baku ended with an agreement for developed countries to provide $300 billion annually in climate finance to poorer nations — a figure criticized as greatly insufficient.Developing countries, especially from Africa, want COP30 to point the finger at developed nations for falling short on providing financing to help adapt to climate change and cut emissions.Another divisive issue was a push by island states — backed by Latin American nations and the EU — for COP30 to respond to the latest projections showing the world will fail to limit warming to 1.5C.But major emerging countries, from China to Saudi Arabia, are wary of any text that implies they are not doing enough to curb climate change.”For Small Island Developing States, 1.5C is not a political slogan. It is a non-negotiable survival threshold for our people, our culture, and our livelihoods,” said Steven Victor, the environment minister of Palau, which is chairing the Alliance of Small Island States (AOSIS).- Fossil fight -Victor told fellow ministers that AOSIS was disappointed over a lack of progress since nations agreed in 2023 at COP28 in Dubai to transition away from fossil fuels.Host nation Brazil wants COP30 to send an ambitious signal on fossil fuels, but it remains unclear what form this might take.Even supporters are doubtful that stronger language on fossil fuels could be agreed by all countries at COP30 given fierce opposition from major oil-producing nations, among others.”At the end of the day… it’s about phasing out fossil fuels if we are to solve this problem,” a delegate from a European country supportive of Brazil’s fossil fuel push told AFP.”They are not talking about it in the negotiating rooms. Someone has to do something about it.” Brazil’s Vice President Geraldo Alckmin urged ministers on Monday to agree to “integrated action plans” for transitioning away from fossil fuels.Alckmin said President Luiz Inacio Lula da Silva might come to Belem this week, which would be “extremely positive.””Brazil is committed to combating climate change,” he said.ia-ico-alb-lth-np/bjt

La COP30 passe en “mode nuit” pour sa dernière semaine

Désormais dans sa deuxième et dernière semaine, la COP30 en Amazonie brésilienne est passée en “mode nuit” lundi, la présidence brésilienne espérant obtenir des accords rapidement malgré les divisions persistantes entre pays. “Nous proposons d’achever une partie significative de notre travail d’ici demain (mardi) soir, pour qu’une plénière pour le paquet politique de Belem puisse avoir lieu d’ici le milieu de la semaine”, a dit le président de la COP André Correa do Lago dans une lettre aux pays.”C’est super difficile”, a-t-il reconnu devant la presse. “Mais tous ceux qui sont concernés ont pensé que ça valait la peine d’essayer”.Face à l’important travail restant, il a réorganisé le programme pour “pouvoir continuer à travailler de nuit”. La négociatrice en chef brésilienne, Liliam Chagas, a indiqué que les réunions dureraient aussi longtemps que nécessaire lundi soir.La tâche est ardue car les négociations restent entravées par des sujets de blocage majeurs, dont la taxe carbone aux frontières européennes attaquée par la Chine et d’autres pays, mais déclarée non négociable par l’Union européenne.”La tarification du carbone est une mesure que nous devons mettre en œuvre avec le plus grand nombre possible, et le plus rapidement possible”, a lancé lundi Wopke Hoekstra, commissaire européen au climat, à son arrivée à Belem.Le Néerlandais a opposé une fin de non-recevoir à toute discussion de la taxe dans le cadre des débats sur les “mesures commerciales unilatérales”.Une question plane au-dessus de la conférence: le président Lula reviendra-t-il pour peser sur les négociations, après avoir ouvert le sommet? “S’il pouvait venir, ce serait très positif”, a déclaré lundi son vice-président, Geraldo Alckmin.- Acier, aluminium, ciment… -Pour verdir ses importations, l’UE imposera à partir de janvier un “mécanisme d’ajustement carbone” aux frontières (MACF) sur l’acier, l’aluminium, le ciment, les engrais, l’électricité et l’hydrogène, des secteurs extrêmement polluants et exposés à une forte concurrence internationale.Elle vise à imposer aux importations dans l’UE un prix du carbone similaire à celui en vigueur en Europe, où les entreprises payent déjà pour polluer. Plusieurs pays, dont les États-Unis et la Chine, y voient une mesure protectionniste déguisée. Certains ont décidé d’élever le sujet dans les négociations climatiques.”Le meilleur MACF est en fait celui qui ne rapporte pas d’argent, c’est là son essence même”, a répondu M. Hoekstra au cours d’une conférence de presse.  Il a souligné que l’idée d’une tarification du carbone faisait son chemin au Brésil et dans une trentaine d’autres pays.- Obstructions -Il reste cinq jours aux ministres, arrivés lundi, pour sortir au niveau politique de l’impasse.”Nous ne pouvons absolument pas nous permettre de perdre du temps à cause de retards tactiques ou d’obstructions”, a lancé le chef de l’ONU Climat, Simon Stiell, dans un appel qui fait écho à d’autres similaires aux COP précédentes à mi-parcours.Peu après lui, le ministre de l’Agriculture de l’archipel pacifique des Palaos et représentant des petits États insulaires Steven Victor a affirmé que “1,5°C n’est pas un slogan politique. C’est un seuil de survie non négociable pour notre peuple”, en référence à l’objectif de réchauffement fixé par l’accord de Paris il y a dix ans, désormais clairement hors de portée à moyen terme.Une semaine de consultations ont montré qu’en plus des “mesures commerciales unilatérales”, deux sujets bloquent encore les tractations.D’une part, les États insulaires, soutenus par des pays d’Amérique latine et les Européens, estiment évident que la COP doit appeler les pays à rehausser leurs engagements climatiques. Mais de grandes économies, de la Chine à l’Arabie saoudite, ne veulent pas d’une décision qui sous-entendrait qu’elles n’en font pas assez.D’autre part, de nombreux pays du Sud, notamment les africains, veulent rappeler aux pays développés l’insuffisance de leurs financements vers les pays en développement.Le Brésil s’est aussi montré ambitieux sur son désir d’envoyer un signal sur la sortie des énergies fossiles, même si la forme exacte de ce signal reste à clarifier.

La COP30 passe en “mode nuit” pour sa dernière semaine

Désormais dans sa deuxième et dernière semaine, la COP30 en Amazonie brésilienne est passée en “mode nuit” lundi, la présidence brésilienne espérant obtenir des accords rapidement malgré les divisions persistantes entre pays. “Nous proposons d’achever une partie significative de notre travail d’ici demain (mardi) soir, pour qu’une plénière pour le paquet politique de Belem puisse avoir lieu d’ici le milieu de la semaine”, a dit le président de la COP André Correa do Lago dans une lettre aux pays.”C’est super difficile”, a-t-il reconnu devant la presse. “Mais tous ceux qui sont concernés ont pensé que ça valait la peine d’essayer”.Face à l’important travail restant, il a réorganisé le programme pour “pouvoir continuer à travailler de nuit”. La négociatrice en chef brésilienne, Liliam Chagas, a indiqué que les réunions dureraient aussi longtemps que nécessaire lundi soir.La tâche est ardue car les négociations restent entravées par des sujets de blocage majeurs, dont la taxe carbone aux frontières européennes attaquée par la Chine et d’autres pays, mais déclarée non négociable par l’Union européenne.”La tarification du carbone est une mesure que nous devons mettre en œuvre avec le plus grand nombre possible, et le plus rapidement possible”, a lancé lundi Wopke Hoekstra, commissaire européen au climat, à son arrivée à Belem.Le Néerlandais a opposé une fin de non-recevoir à toute discussion de la taxe dans le cadre des débats sur les “mesures commerciales unilatérales”.Une question plane au-dessus de la conférence: le président Lula reviendra-t-il pour peser sur les négociations, après avoir ouvert le sommet? “S’il pouvait venir, ce serait très positif”, a déclaré lundi son vice-président, Geraldo Alckmin.- Acier, aluminium, ciment… -Pour verdir ses importations, l’UE imposera à partir de janvier un “mécanisme d’ajustement carbone” aux frontières (MACF) sur l’acier, l’aluminium, le ciment, les engrais, l’électricité et l’hydrogène, des secteurs extrêmement polluants et exposés à une forte concurrence internationale.Elle vise à imposer aux importations dans l’UE un prix du carbone similaire à celui en vigueur en Europe, où les entreprises payent déjà pour polluer. Plusieurs pays, dont les États-Unis et la Chine, y voient une mesure protectionniste déguisée. Certains ont décidé d’élever le sujet dans les négociations climatiques.”Le meilleur MACF est en fait celui qui ne rapporte pas d’argent, c’est là son essence même”, a répondu M. Hoekstra au cours d’une conférence de presse.  Il a souligné que l’idée d’une tarification du carbone faisait son chemin au Brésil et dans une trentaine d’autres pays.- Obstructions -Il reste cinq jours aux ministres, arrivés lundi, pour sortir au niveau politique de l’impasse.”Nous ne pouvons absolument pas nous permettre de perdre du temps à cause de retards tactiques ou d’obstructions”, a lancé le chef de l’ONU Climat, Simon Stiell, dans un appel qui fait écho à d’autres similaires aux COP précédentes à mi-parcours.Peu après lui, le ministre de l’Agriculture de l’archipel pacifique des Palaos et représentant des petits États insulaires Steven Victor a affirmé que “1,5°C n’est pas un slogan politique. C’est un seuil de survie non négociable pour notre peuple”, en référence à l’objectif de réchauffement fixé par l’accord de Paris il y a dix ans, désormais clairement hors de portée à moyen terme.Une semaine de consultations ont montré qu’en plus des “mesures commerciales unilatérales”, deux sujets bloquent encore les tractations.D’une part, les États insulaires, soutenus par des pays d’Amérique latine et les Européens, estiment évident que la COP doit appeler les pays à rehausser leurs engagements climatiques. Mais de grandes économies, de la Chine à l’Arabie saoudite, ne veulent pas d’une décision qui sous-entendrait qu’elles n’en font pas assez.D’autre part, de nombreux pays du Sud, notamment les africains, veulent rappeler aux pays développés l’insuffisance de leurs financements vers les pays en développement.Le Brésil s’est aussi montré ambitieux sur son désir d’envoyer un signal sur la sortie des énergies fossiles, même si la forme exacte de ce signal reste à clarifier.

‘Dictatorial’: Why Ecuadorans said ‘No’ to hosting US base

Ecuador’s Donald Trump-aligned President Daniel Noboa was dealt a major blow Sunday by voters who spurned his plans for a return of foreign military bases to the country battling rampant cartel violence.Despite opinion polls projecting a comfortable referendum victory for the millennial president, Ecuadorans roundly rejected all four of his proposals.Besides an overwhelming “No” to overturning a ban on foreign military bases, voters also shot down proposals to end public funding for political parties, to reduce the number of lawmakers, and to draft a new constitution. Analysts say Noboa was unable to convince the electorate that his ideas were the best way to deal with what is a very real problem of sky-high crime and murder rates.- ‘They don’t care’ -Noboa last year deployed the military to Ecuador’s crime-riddled prisons and streets, and raised taxes to fund his war on drug gangs — also a major focus of US President Trump.Seeking to boost cooperation with Washington, which has been carrying out deadly strikes on alleged drug-smuggling boats in the Caribbean and Pacific, Noboa proposed reopening a US base at Manta on the Pacific coast.But voters told AFP this was not a problem for the United States to solve.”Does the United States care if our children are robbed on the street? They don’t care,” said Daniela Cordova, a 44-year-old university employee who voted “No” in the referendum.Security “does not depend on a constitution or on military bases”, she added.Political scientist Santiago Cahuasqui from Quito’s Universidad Hemisferios said voters punished Noboa for “grandiose communication that is completely divorced from reality.””There hasn’t been a single result” from Noboa’s heavily-publicized anti-crime campaign, said Andres Delgado, a 23-year-old university student. “In fact, insecurity is getting worse.” He also voted “No.”Ecuadoran security expert Michelle Maffei said it was a mistake to focus on military solutions without the existence of “crime prevention programs or programs to strengthen institutions” that investigate money laundering and other offenses linked to drug trafficking.- ‘Fear of change’  -Presidential spokeswoman Carolina Jaramillo on Monday blamed “a deep fear of change” for Noboa’s referendum defeat.But voters and analysts told AFP it was more a fear of losing rights to a president who has proposed chemical castration for rapists and intelligence operations that require no warrants.”My ‘No’ vote was a rejection of the government for being dictatorial,” said Ximena Martinez, a 29-year-old vendor in Manta.”Why would he (Noboa) bring US military personnel back to Manta after the abuses they committed here?” asked Martinez, referring to reports by rights groups that the base was used in the past as a launchpad for strikes on boats transporting drugs or migrants. Or sometimes fishermen.Ecuadorans “are punishing Noboa’s authoritarian drive,” added Cahuasqui, the political scientist. – Indigenous ‘repression’ -A military crackdown on recent Indigenous protests against the elimination of a diesel subsidy also seemed to have turned the mood against Noboa.In Imbabura province, where Indigenous protesters blocking roads clashed with security forces — leaving at least two dead — more than two-thirds of the population voted “No” to the referendum’s four questions.Norma Navarro, a 73-year-old retiree, said her rejection was informed by “the brutal repression of the Indigenous people.””That’s what hurt me the most,” she told AFP.

Mondial-2026: Les Pays-Bas terminent en beauté leur parcours vers l’Amérique

La qualification et un récital. Les Pays-Bas ont composté avec brio leur ticket pour le Mondial-2026 après une victoire (4-0) contre la Lituanie lundi à Amsterdam.Les Oranje, finalistes à trois reprises (1974, 1978 et 2010), participeront à leur 12e Coupe du monde après avoir terminé en tête du groupe G devant la Pologne qui devra elle en passer par les barrages en mars prochain pour voir l’Amérique malgré sa victoire 3-2 à Malte.Avec trois points d’avance sur la Pologne et une différence de buts très avantageuse (+13) à l’entame de l’ultime journée, les Néerlandais auraient même pu se permettre le luxe d’une défaite.Mais les hommes de Ronald Koeman ont eu le bon goût de choyer les 50.000 spectateurs de la Johan Cruijff Arena en mettant d’emblée beaucoup de rythme dans leur jeu, trop rapide pour les Lituaniens constamment acculés dans leur moitié de terrain.Malgré une défense adverse compacte, les hommes de Ronald Koeman ont trouvé l’ouverture au quart d’heure par Tijani Reijnders, parfaitement servi par Frenkie De Jong (1-0, 16e).Reijnders, encore lui, était tout près de s’offrir un doublé à la demi-heure de jeu, mais son subtil extérieur du pied heurtait le montant gauche du but d’Edvinas Gertmonas. 1-0 à la pause, un score un peu chiche compte tenu de l’écrasante domination locale, la Lituanie s’en sortant plutôt bien grâce à la prestation remarquable de son gardien.En deuxième mi-temps, les Néerlandais ont accéléré, inscrivant trois buts entre moins de cinq minutes.Peu avant l’heure de jeu d’abord, Gertmonas n’a rien pu faire sur un penalty tiré par Kody Gakpo à la suite d’une faute de main d’un défenseur lituanien (2-0, 58e). Tout comme il a été impuissant sur une frappe à quasi bout portant de Xavi Simons deux minutes plus tard (3-0, 60e). Dans la foulée, Doneyll Malen a ensuite donné au score son allure définitive (4-0, 62e).Ronald Koeman a pu alors effectué ses cinq changements pour qu’un maximum de joueurs participent à la fête dans l’optique du grand rendez-vous de juin prochain.

Stocks gloomy on earnings and tech jitters, US rate worries

Global stock markets pulled back Monday as traders awaited key earnings reports, notably from chip giant Nvidia, amid concerns that the US Federal Reserve could hold off on further rate cuts this year.On Wall Street, the Dow retreated 1.2 percent while the tech-heavy Nasdaq lost 0.8 percent. The broader-based S&P 500 slid 0.9 percent.Europe lacked inspiration too with the DAX closing off 1.2 percent while London and Paris lost marginal ground.Major Asian indices had earlier finished lower as well amid simmering tensions between China and Japan which hit tourism and retail firms on Tokyo’s exchange.Besides Nvidia, which dropped 1.9 percent, US retailers Home Depot, Target and Walmart are also set to release their earnings reports.Those will be monitored for signs of how consumers are faring as President Donald Trump’s tariffs bite.Traders are also awaiting US government data on how the labor market fared in September. The numbers are due for publication Thursday, after the end of the longest government shutdown in US history.”It’ll be the first glimpse of some macro news” that could provide hints on the Fed’s preferred path for interest rates moving forward, said Peter Cardillo from Spartan Capital Securities.Among companies, he added: “It’s all up to Nvidia, whether or not it can turn the souring negative sentiment on the AI sector.”Dave Grecsek of wealth management firm Aspiriant added that if Nvidia could meet high expectations, “that could sort of stabilize the market a little bit.”The European Union on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weighed on Europe’s economy.Investors have in recent weeks reconsidered prospects for US rate cuts and the AI-fueled tech rally that had lifted several markets to record highs.Traders are keenly awaiting the release of several reports — including on jobs and inflation — that had been held up by the record US government shutdown that ended last week.With data releases delayed, “chances are growing that the Fed will avoid changing monetary policy when the economic outlook remains murky,” said Kathleen Brooks, research director at trading group XTB.Fed boss Jerome Powell signaled last month that a December cut to borrowing costs was not assured, adding to uncertainty.All eyes are on this week’s earnings update from Nvidia, the world’s most valuable company, which late last month hit a market capitalization of $5.0 trillion before slipping back.For now, Bitcoin suffered from the uncertain climate on trading floors.The cryptocurrency had climbed to a record high of $126,251 on October 6, buoyed by Trump’s pledges to ease regulation on the crypto sector, but has fallen from that level to around $91,634.45.- Key figures at around 2105 GMT -New York – Dow: DOWN 1.2 percent at 46,590.24 points (close)New York – S&P 500: DOWN 0.9 percent at 6,672.41 (close)New York – Nasdaq Composite: DOWN 0.8 percent at 22,708.08 (close)London – FTSE 100: DOWN 0.2 percent at 9,675.43 points (close)Paris – CAC 40: DOWN 0.6 percent at 8,119.02 (close)Frankfurt – DAX: DOWN 1.2 percent at 23,590.52 (close)Tokyo – Nikkei 225: DOWN 0.1 percent at 50,323.91 (close)Hong Kong – Hang Seng Index: DOWN 0.7 percent at 26,384.28 (close)Shanghai – Composite: DOWN 0.5 percent at 3,972.03 (close)Dollar/yen: UP at 155.23 yen from 154.55 yen on FridayEuro/dollar: DOWN at $1.1589 from $1.1621Pound/dollar: DOWN at $1.3156 from $1.3171Euro/pound: DOWN at 88.09 pence from 88.22 penceWest Texas Intermediate: DOWN 0.3 percent at $59.91 per barrelBrent North Sea Crude: DOWN 0.3 percent at $64.20 per barrel