Israel Financial News

Israel’s war with Hamas has revived dormant U.S. interest in producing munitions for Israel’s Iron Dome missile defense system, U.S. Army and industry officials said, a development that would help a U.S.

fires. Civilians have been evacuated and soldiers in helmets guard the junctions. Every hour or so, Hizbullah missiles explode inside the border, and Israel launches a counter-barrage aimed at the Iran-backed militia.

China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health. The CSI300 Index fell 1% to its lowest closing level since February 2019.

By Mohi Narayan

(Reuters) -Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China's property pain.

Roy Greene Show on Saturday that the current conflict “all goes back to Iran — no question.” He said Iran provided up to 90 per cent of the weaponry used in Hamas’ attack on Israel and trained the militants.“Iran wants a Middle East — a region — that is tumultuous, chaotic, unsettled, insecure, violent,” he said. “That way they can manipulate it to their heart’s desire.”Hillier warned that Iran could trigger a wider regional conflict.“I do worry about the fact we could have a regional war without question,” he said.U.S.

Israel-Hamas war: At a time the war between Israel's Benjamin Netanyahu and Hamas fighters in Gaza, a lot of Palestinians have list their live. the war also saw the world divided in their allegiances.

Mohammed bin Salman took to the stage to promise that a new era was dawning for the Middle East. “The new Europe is the Middle East,” the country’s de facto ruler, commonly known as MBS, said to applause from the crowd.

“We expect nominal GDP growth of 10% to 11% in the next 12 months, which should be in line with 11% to 13% return for large cap indices,” says Pradeep Gupta, Co-founder & Vice-Chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Market timing and the selection of specific instruments within an asset class explain only about 10% of portfolio return variability” Edited excerpts: October is turning out to be a roller coaster ride for investors in equity markets. Will geopolitical concerns have a long-term impact on equity markets if things escalate? Major indices across the globe witnessed sharp volatility in the past couple of weeks due to the rising Israel-Palestine war. In the same week, we witnessed the U.S. stock-index futures fall over 0.5%, Nifty was down ~140 bps pts.

Biden administration has advised Israel to delay a ground invasion of the Gaza Strip, hoping to buy time for hostage negotiations and to allow more humanitarian aid to reach Palestinians in the sealed-off enclave, according to several U.S. officials. U.S.

Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, as Israeli Prime Minister Benjamin Netanyahu convened a meeting of his top generals and his war cabinet to assess the escalating conflict. Israel's attacks concentrated on the Gaza Strip's centre and north, Palestinian media reported. A strike on a house near the Jabalia refugee camp, in northern Gaza, killed several Palestinians and wounded others, according to media reports.

By Vidya Ranganathan

By Wayne Cole

Antony Blinken and Defence Secretary Lloyd Austin said Sunday that the United States expects the Israel-Hamas war to escalate through involvement by proxies of Iran, and they asserted that the Biden administration is prepared to respond if American personnel or armed forces become the target of any such hostilities. «This is not what we want, not what we're looking for.

northern Gaza, many people there said doing so was not an option because of cost — and that it was no guarantee of safety. The Israeli military said Saturday night that it would intensify its already punishing bombardment of the besieged enclave ahead of an expected ground invasion. In Arabic-language leaflets dropped over the Gaza Strip on Saturday, it reiterated calls for people to move south, warning that anyone who did not «may be considered a partner in a terrorist organization.» But Amani Abu Odeh, who lives in the town of Jabalia in Gaza's north, said that the danger of Israeli airstrikes on the road had pushed up the cost of travel.

Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies. Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified. The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expected, investors will be sensitive to guidance on futures moves. A recent surge in bond yields has tightened monetary conditions without the central banks having to do anything, allowing the Federal Reserve to signal it will likely stay on hold at its policy meeting next week.

Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 60 cents to $91.56 a barrel and U.S. West Texas Intermediate crude futures lost 61 cent to trade at $87.47 a barrel at 0038 GMT. For the past week, contracts rose more than 1% for a second consecutive weekly jump, on fear of potential supply disruption if the Israel-Hamas war grows into a wider confrontation in the Middle East, the world's biggest oil-supplying region. «Israel agreed to hold off its attack on Hamas following pressure from the U.S.,» ANZ Research said in a client note.

Japan's yen took the spotlight in Asia on Monday, circling the 150-per-dollar level in a tug of war between investors betting on a further rise in dollar yields and those expecting Japanese authorities will intervene in markets. The week kicks off with growing worries about the Middle East conflict as Israel bombarded Gaza with air strikes early on Monday, extending a two-week bombardment that began after an Oct. 7 rampage by Islamist group Hamas on southern Israeli communities, and as the United Statese dispatched more military assets to the region. U.S.

Israel-Hamas war news: The India's Ministry of External Affairs has informed that the sixth flight under the rescue Indians from war-torn Israel and Gaza- Operation Ajay- has landed in national capital Delhi. This comes even as Israel's retaliatory strikes on Hamas in Gaza entered its 15th day.

Global market, including India, will take further cues from geopolitical developments, oil prices and bond yield fluctuations, along with earnings of major companies. “We expect earnings season to pick up pace in a truncated week which would direct the market trend along with global cues. On the global front, ECB (European Central Bank) will announce interest rate decision this week," Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, said.

«We expect the earning season to pick up pace in a truncated week which would direct the market trend along with global cues,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 83.5 points, or 0.43 per cent, at 19510, signaling that Dalal Street was headed for positive start on Monday.