Tel Aviv Stock Exchange Stability Amidst Gaza Conflict: Inflation Data and State Budget Approval Awaited

by time news

2024-01-14 11:10:38

© Reuters

| Polly Tal, Investing.com |

The Tel Aviv Stock Exchange opens the first trading day of this week with stability around the base levels, similar to the trend registered on Wall Street on Friday and against the background of marking 100 days of fighting in Gaza.

Investors are waiting for the inflation data in Israel for the month of December, which will be published tomorrow (Monday) and for the approval of the state budget at the end of the government meeting scheduled for today.

As of 10:45 this morning, the Tel Aviv index traded unchanged, the Tel Aviv index rose 0.1% and added 0.4%.

The Tel Aviv Stock Exchange ended last week with falling prices in the stock and bond markets, against the background of the continuation of the fighting in Gaza and the increase in tensions on the northern front.

The TA 35 index fell last week by 0.8%, and from the beginning of the year it fell 0.2%, the TA 125 weakened last week by 1.4%, and from the beginning of the year it fell 0.1% and the banks index fell 3.7% last week and from the beginning of the year it lost 3.3% .

In the Tel Aviv 125 index, Next Vision shares (TASE:) stand out at this time with an increase of 4%, OFC (TASE:) strengthens 2.5% and Ofco (TASE:) climbs 2.4%.

On the other hand, ACL (TASE: ) weakens 2.4%, NICE (NASDAQ: ) loses 1.7% and Teva (TASE: ) falls 1.5% due to an arbitrage gap.

On Wall Street, trading on Friday ended in a mixed trend, with the opening of the report season for the summary of the fourth quarter of 2023.

Index fell 0.3%, index rose 0.1% and closed unchanged.

In Europe, a positive trend was recorded on Friday, the German rose 0.95%, the added 0.65%, and the index jumped 1.1%.

In the cryptocurrency market, it is down 0.5% on Sunday, trading at $42,991.

The shekel weakened slightly on Friday against the dollar and the euro. At this time the exchange rate is NIS 3.7321 to the dollar, and the exchange rate is NIS 4.0865 to the euro.

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