Tel Aviv Stock Exchange Awaits Opening After Wall Street Dip
Translated & summarized from Calcalist by baba
The Tel Aviv Stock Exchange is expected to open after Wall Street experienced moderate declines and U.S. bond yields surged. U.S. indices fell 0.4%, while Treasury yields saw significant increases. Israeli 10-year bond yields are currently at 4.11%. The finance company Mimon Yeshir reported a 26% drop in third-quarter net profit.
The story in 5 lines · by baba
- Tel Aviv Stock Exchange to open after Wall Street's moderate declines.
- U.S. indices Dow Jones, S&P 500, and Nasdaq fell by 0.4%.
- U.S. 10-year Treasury yields jumped 13 basis points to 5.12%.
- Israeli 10-year government bond yield stands at 4.11%.
- Mimon Yeshir reported a 26% decrease in third-quarter net profit.
The Tel Aviv Stock Exchange (TASE) is set to open the last trading day of the week following a night of moderate declines on Wall Street and a surge in U.S. bond yields. The Dow Jones, S&P 500, and Nasdaq indices all fell by 0.4% on Wednesday. U.S. 10-year Treasury yields jumped 13 basis points to 5.12%, while the two-year yield, more sensitive to Federal Reserve policy, rose 15 basis points to 4.88%. The 30-year yield climbed 10 basis points to 5.44%. In Israel, the 10-year government bond yield stands at 4.11% this morning.
Following a lull in corporate earnings reports today, ahead of the weekend, attention is turning to an expected acceleration next week, including reports from major banks. Meanwhile, Mimon Yeshir, a finance company, reported a net profit of NIS 49.3 million for the third quarter, a 26% decrease from NIS 66.7 million in the same period last year. The company's financing revenues dropped 9% to NIS 442.5 million.
