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European Stocks Rise Despite Ratings Downgrades

European stocks climb, extending the Stoxx Europe 600 Index’s biggest rally in a week, as German investor confidence unexpectedly rose, offsetting downgrades of six euro-area countries by Moody’s Investors Service.

(BLOOMBERG) London - European stocks climbed, extending the Stoxx Europe 600 Index's biggest rally in a week, as German investor confidence unexpectedly rose, offsetting downgrades of six euro-area countries by Moody's Investors Service. U.S. index futures were little changed, while Asian shares retreated.

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Geopolitics

Should We Still Even Be Talking To Netanyahu?

After forming a governing coalition with right-wing extremists, will Israeli Prime Minister Benjamin Netanyahu face a chill in relations with the West? The reshuffled geopolitical cards offer a fair share of paradoxes.

Photo of Benjamin Netanyahu listening to someone speak

Benjamin Netanyahu, aiming to stay in the conversation

Jini/Xinhua via ZUMA
Pierre Haski

-Analysis-

PARIS — No one has yet dared to call for a boycott of Benjamin Netanyahu, who arrived in Paris for talks Thursday with French President Emmanuel Macron. And yet ... the political leaders with whom he's built his ruling coalition in Israel make Europe's far right look like centrists.

In Israel, it's an unsettling question. The government is seeking to defuse the risk of diplomatic isolation resulting from the Jewish state's extreme rightward turn. The first weeks of the new government have been like a storm warning for the region — both because of the outbreak of violence which killed dozens of Israelis and Palestinians in January, but also threats to Israeli democracy itself.

In a sign of the changing times, the Arab countries in the Gulf that have recently normalized ties with Israel after decades of conflict are turning a blind eye to the Palestinian question. Their security ties with Israel are more important.

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