Economy08:04 · 23m ago

Israeli Investments Navigate Global Turmoil and Shekel Strength in August

TheMarker
Translated & summarized from TheMarker by baba
The story · English

August proved a challenging month for Israeli investors as global market downturns, particularly in Asia and Europe, offset gains from a strengthening Israeli shekel. The price of oil continued its ascent following an attack on a tanker in the Strait of Hormuz, adding another layer of global economic uncertainty. The turmoil extended to the bond market, with U.S. Treasury bonds experiencing volatility not seen since 2006, raising concerns about the risk exposure of Israeli bonds and prompting questions about the Bank of Israel's potential response.

In corporate news, Elbit Systems secured a significant deal, agreeing to supply an intelligence-gathering system to an international client for over $250 million. Meanwhile, the Polish stock market was highlighted as a potentially interesting area for investors, while a guide was offered for Israeli investors interested in the S&P 500 index. Discussions also touched upon the mechanics and considerations for investing in bank-related exchange-traded funds.

Domestically, the article touched upon several other issues, including a lawsuit filed by 38 apartment buyers in Netanya who claim they were promised they wouldn't have to complete their purchase. Separately, a piece discussed the challenges and potential impact of autism in 2025, offering guidance for parents. The article also briefly mentioned a widely used app whose blockage reportedly caused significant disruption to Israelis' lives, and a lighthearted piece on the mystery of disappearing socks during laundry.

Read the original at TheMarker
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