Tel Aviv Stock Exchange Faces Opening Amid Global Declines
Translated & summarized from Calcalist by baba
The Tel Aviv Stock Exchange is expected to open lower, mirroring declines in New York markets and a negative week for Israeli indices, with TA-35 down 3%. Asian markets are mixed, and oil prices are falling after a recent surge. The drop in oil prices comes after President Trump stated the U.S. would not attack Iran before the upcoming midterm elections.
The story in 5 lines · by baba
- The Tel Aviv Stock Exchange is expected to open down, continuing a week of losses.
- The TA-35 index has fallen 3% and the TA-125 index 3.4% since the start of the week.
- Major New York indices, including the Nasdaq and S&P 500, closed lower overnight.
- Oil prices are declining after a recent increase driven by Middle East conflict uncertainty.
- U.S. President Trump indicated no attack on Iran before the November 3rd midterm elections.
The Tel Aviv Stock Exchange is set to open its final trading day of the week following another night of losses in major New York indices. The Nasdaq Composite fell 1.3%, the S&P 500 dropped 0.5%, while the Dow Jones saw a slight increase of 0.1%. The Tel Aviv exchange is heading towards a negative week, with the TA-35 index down 3% and the TA-125 index down 3.4% since Monday. Sector-specific indices also experienced significant drops: TA-Banks lost 3.9%, TA-Real Estate fell 6.3%, TA-Insurance declined 5.6%, and TA-Defense dropped 7.4%. Asian markets are showing mixed trends this morning. Oil prices are weakening after a surge yesterday, attributed to increased uncertainty surrounding the Middle East conflict. The decline in oil prices follows U.S. President Donald Trump's statement that the U.S. would not attack Iran before the November 3rd midterm elections.
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