2023-12-24 08:07:08
Latest Reports on Trade and Markets: Stock Market, Bonds, Foreign Exchange, Commodities, and Analyst Recommendations
The stock market in Tel Aviv is expected to open with a mixed trend, with leading indices Tel Aviv 35 and Tel Aviv 125 registering a slight increase in the previous week. Enlivex stood out with a 19% rise during the trading day, while the biomed index showed a 16% increase since the beginning of the month, thanks to Compugen stock which jumped by about 178% since the beginning of December.
From the beginning of 2023, the Tel Aviv 35 index has registered an increase of about 3%, compared to a 24.3% increase in the American S&P 500 index.
On Wall Street, the main indices closed on the last day of the trading week in a mixed trend, with the S&P 500 closing an eighth consecutive positive week for the first time since 2017.
In the bond markets, there was a negative trend recorded in bond trading on Thursday, with a decrease in both the Tel Gov government bond indices and the Tel Bond corporate bond indices. The Chief Economist at the Meitav Investment House, Alex Zebzinski, recommends shortening the long term to medium in the bond component and increasing exposure to bonds.
In foreign currency trading, the shekel strengthened against the dollar on Friday, while the price of a barrel of Brent oil traded slightly lower.
In the US, government bond yields fell after the publication of the PCE index, indicating a cooling in prices. The upcoming trading week will see the publication of a number of macro data around the world, including industrial production and retail sales in Japan, sales of existing homes in the US, the consumer price index, and the trade balance in India.
Analyst Dario Messi at Julius Baer Bank estimates that the European Union is moving in the direction of updating fiscal policy, which is expected to be positive for the market and create stability in the long term, especially in bonds.
Overall, the trading week has shown mixed trends in the stock market, negative trends in bond trading, and fluctuations in foreign currency and commodities markets. Analyst recommendations continue to provide insights into potential market developments. The upcoming week will see the release of key macro data, and the European Union’s efforts to update fiscal policy are expected to have a positive impact on the market.
#opening #trading #stock #market