Tel Aviv Stock Exchange Set to Open Higher After Wall Street Rally

Tel Aviv’s market was due to open on Tuesday morning amid a broadly upbeat global mood, after President Donald Trump announced an understanding with Iran to end the war, with the agreement expected to be signed in the coming days. The report came shortly after 9:20 a.m. and said the positive tone was being supported by gains in the United States and Asia.

In New York on Monday, the Nasdaq rose 2.5%, the Dow Jones gained 1.9% and the S&P 500 climbed 1.8%. Early futures trading pointed to only slight moves in the U.S. indices, while Asian markets were stronger, with Tokyo up 2.9%, Hong Kong up 1.6% and Seoul jumping 5.4%.

The rally was accompanied by a drop of about 2% in oil prices. U.S. 10-year Treasury yields were stable at 4.47%, while Israeli 10-year bond yields stood at 3.68%.

Ahead of the opening, Tel Aviv shares showed mixed performance for the week so far. The TA-125 index was down 0.5%, the banking index slipped 0.3%, the TA Energy Infrastructure index fell 4.2% and the Cleantech index lost 3.8%. In contrast, the TA Oil and Gas index rose 2.2%.