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Good morning from the Financial Times.
Today is Friday, October 10th, and this is your FT News Briefing.
Israel approved an initial ceasefire deal in Gaza, and Orsted is going through massive cuts.
Plus, are the good vibes in the markets really just investors running on fumes?
The message from professional investors here is, look, we're prepared to dance along to this.
We're making good money out of it,
but we've got a lot of hedges in place and we're quite cautious in case this starts to go wrong.
I'm Mark Filipino and here's the news you need to start your day.
The Israeli cabinet has voted to approve the first phase of a ceasefire deal with Hamas.
Under that agreement, the remaining Israeli hostages would be freed,
and Israel would gradually pull back from Gaza while also increasing aid.
But it's not clear if the ceasefire is going to progress beyond that point.