Israel Financial News

Israel Foreign Ministry took to microblogging site ‘X’ to inform that the German-Israeli dual citizen Shani Louk's dead body was found, confirming that the status of the hostage taken by Hamas fighters after the 7 October surprise attack on Israel. According to reports, the 23 year old Louk was attending the Re'im music festival in Re'im.

Israel is pounding Gaza non-stop and from all fronts to get to Hamas. But, oil traders seem more concerned right now about what the Federal Reserve might do or say at the central bank’s rate decision on Wednesday and how the US job numbers for October will turn out on Friday, than the Middle East’s raging war that practically had markets on tenterhooks last week.

By Alex Lawler

By Amruta Khandekar and Shashwat Chauhan

Indian markets have been under pressure in October, down 2.5 percent as ucertainties from the Israel-Hamas conflict along with rising bond yields and crude oil prices, and continued foreign investor outflows continue to weigh. Investors concerned about a longer period of high rates have also kept the markets on the sidelines. Meanwhile, from their peaks hit in September, the indices have lost over 5 percent each.

BJP on Monday accused the Congress of being driven by petty, vote-bank politics in its stand on the Israel-Hamas conflict and asked when was the last time its senior most leader wrote in the media on an international conflict. BJP spokesperson Sudhanshu Trivedi's sharp attack on the Congress came after its former president Sonia Gandhi said in a newspaper article her party is «strongly opposed» to India's abstention on the recent UN resolution which called for humanitarian truce amid unfolding crisis in Gaza amid massive Israeli military attack on the tiny territory. Government sources have said the absence of any mention of the October 7 attack on Israel by Hamas terrorists in the resolution was the reason for India's abstention as there can be no equivocation on terror.

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

Qatar Court sentenced eight former Indian Navy personnel to death on charges of espionage. The court ruled that the eight Indian nationals were spying on behalf of Israel.

fire. In India, the benchmark Nifty fell around 2.5 percent in these 3 weeks, but this was mostly due to the sharp rise in yields.

Investing.com — European stock markets traded with small gains Monday as investors digested regional inflation data, ahead of several central bank meetings, including a crucial gathering by the U.S. Federal Reserve.

Investing.com-- Most Asian stocks fell on Monday as investors hunkered down for a data-heavy week headlined by the Federal Reserve, while uncertainty before a Bank of Japan meeting weighed heavily on the Nikkei. 

Federal Reserve’s monetary policy meeting outcomes scheduled on Wednesday, November 1. The shine in yellow metal continues despite a resilient dollar index (DXY) as the Israel-Hamas conflict brightens its haven appeal. MCX December gold futures were trading flat at Rs 61,350 per 10 gram, up by Rs 194 or 0.32% from the Friday closing price.

Gaza Strip on Monday, reaching built-up areas as the U.N. and medical staff warned that airstrikes are hitting closer to hospitals, where tens of thousands of Palestinians have sought shelter alongside thousands of wounded. The increasing ground operations came a day after 33 trucks carrying food, medicine and other supplies entered Gaza from Egypt, the largest convoy of humanitarian aid since the war between Israel and Hamas began.

SEAS), Deborah Lipstadt has condemned the violent protests that have been reported in Russia threatening Israelis and Jews and called on Russian authorities to ensure their safety. In a post shared on X, Lipstadt stated that the US stands with Israel and the entire Jewish community. She emphasised that there is no excuse for targeting Jews or engaging in anti-semitic incitement.

TEL AVIV—Israel’s Prime Minister Benjamin Netanyahu issued a rare apology Sunday that inadvertently framed the political crisis that has engulfed him. A few hours earlier, facing mounting criticism for the Hamas attacks that killed 1,400 Israelis, he publicly blamed the security failures on Israel’s defense and intelligence services. He hadn’t been warned of Hamas’s intention to start a war, he wrote in a tweet on X, saying that defense and intelligence officials had “assessed that Hamas was deterred." Soon after, he deleted the tweet and apologized.

The BSE Sensex was trading 168 points or 0.26% lower at 63,614. Nifty50 was trading at 19,003, down 43 points or 0.23% at around 9.18 a.m.

A small team of Canadian special operations forces have deployed to Israel in the wake of the October 7 attack, Global News has learned from multiple sources with direct knowledge of the mission.

Elon Musk has brought a new change to creator monetization. In a post on the X platform, he said that if a user's tweet is corrected by Community Notes, the crowdsourced program of fact-checkers, then that person will not be paid for engagement on those tweets.

Associated Press reported.According to a report by the AP citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt.Read all the latest Israel-Gaza War Live Updates here.Israel must protect innocent Gaza residents by distinguishing between Hamas militants and civilians, the White House warned Sunday, as world leaders stepped up calls for desperately needed humanitarian aid to reach the war-torn Palestinian territory.Israel has intensified its air and ground operations against Hamas in Gaza following a bloody attack by the Palestinian militant group more than three weeks ago that Israeli authorities say killed at least 1,400 people, mostly civilians. (AFP)Israel's military scoured the country's south for Hamas fighters and guarded breaches in its border fence with tanks on Monday, as it pounded the Gaza Strip from the air and mustered for a campaign its prime minister said would destroy “the military and governing capabilities" of the militant group.More than two days after Hamas launched its unprecedented incursion from Gaza, the military said the fighting had largely died down for now.The attack caught Israel's vaunted military and intelligence apparatus completely off guard, bringing heavy battles to its streets for the first time in decades.

Also Read: Gaza receives largest aid shipment since Israel-Hamas war began The Israel Defense Forces (IDF) reported that their ground forces are continuing operations in the northern part of the Gaza Strip. During these operations, they have targeted Hamas militants and destroyed facilities belonging to the group. The IDF has stated that their troops have killed Hamas gunmen who engaged in a firefight with ground forces in Gaza.

Associated Press citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt. Citing humanitarian workers, the report also said that the assistance still fell desperately short of needs after thousands of people broke into warehouses to take flour and basic hygiene products. The aid warehouse break-ins were “a worrying sign that civil order is starting to break down after three weeks of war and a tight siege on Gaza," said Thomas White, Gaza director for the UN agency for Palestinian refugees, known as UNRWA.