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Daily market recaps with key events, stock movements, and global influences

Pakistan Launches Operation Edifice Compact, Retaliates Against India Amid US Mediation Offer
Israel to Expand Gaza Operations, Capture Territory and Implement Trump's Plan to Relocate 1.5-2 Million Gazans
EU to Ban All Russian Pipeline and LNG Gas Imports, Including Existing Contracts, by End of 2027
China's Forex Reserves Up $41 Billion to $3.282 Trillion, Gold Reserves Grow by 2 Metric Tons

May 5-11

Week 19, 2025
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This week saw significant geopolitical developments, with Pakistan launching Operation Edifice Compact in retaliation against India amid US mediation efforts, and Israel expanding operations in Gaza as part of a broader strategic plan. In economic news, the EU announced a ban on Russian pipeline and LNG gas imports by 2027, while China's forex reserves saw a notable increase, reflecting shifting global economic dynamics. In the tech sector, OpenAI's acquisition of AI coding tool Windsurf for $3 billion marked the largest deal in its history, highlighting the growing importance of AI technologies. Meanwhile, Apple's exploration of AI search capabilities in Safari following a drop in search activity impacted Alphabet's shares, underscoring the competitive landscape in tech innovation.

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