U.S. President Donald Trump has announced that Israel and Hamas have agreed to the first phase of his 20-point Gaza peace plan, following days of intensive indirect negotiations in Egypt.
President Trump announced on social media late on Wednesday that Hamas had agreed to release all the hostages being held inside Gaza "very soon", while Israel has agreed to a phased withdrawal of its ground forces to "an agreed upon line."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.