Israel Financial News

Ever since Hamas’s barbaric invasion of Israel on Oct. 7—a Shabbat morning that also happened to herald the end of the Jewish holiday of Succoth and fell one day after the 50th anniversary of the beginning of the 1973 Yom Kippur War (the symbolism runneth over)—I have been thinking of Tal Mazliach.

gravity of Hamas’s crimes. More than 1,200 Israelis, most of them civilians, many of those women and children, were murdered in their homes, on the street, in kibbutzim, at a music festival. Perhaps 150 more have been dragged to Gaza and shut in makeshift dungeons.

By Elizabeth Howcroft

LONDON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region.

By Hadeel Al Sayegh, John O'Donnell, Elizabeth Howcroft

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

₹17 apiece, which is around ₹4.70 per share higher from IFL Enterprises share price today. After the outbreak of this stock market news, IFL Enterprises share price witnessed heavy buying interest among Dalal Street bulls. IFL Enterprises share price today opened upside and went on to hit intraday high of ₹13.25 apiece on BSE, logging an intraday gain of near 17 per cent within few minutes of stock market's opening bell today.

European shares climbed on Monday, with miners in the lead on optimism around demand from top consumer China, although trading was cautious as investors weighed prospects of an escalation in the Middle East conflict. The STOXX 600 was up 0.4% by 0707 GMT. The mining index rose 1.3% as prices of base metals were lifted by hopes of stronger demand from China after data last week signalled some signs of stabilisation in the world's second-largest economy. Also boosting the index was a nearly 4% gain in shares of SSAB after JP Morgan upgraded the Swedish steel company to «overweight» from «neutral». Global risk sentiment was still on shaky grounds over concerns that the Israel-Hamas conflict would spill over to the broader region, gaining steam after Iran warned Israel of escalation. Among other single stocks, Frankfurt-listed shares of BioNTech fell nearly 5% after partner Pfizer on Friday slashed its full-year revenue forecast on lower sales of its COVID-19 vaccine and treatment.

Israel has announced its decision to evacuate residents residing within a two-kilometre zone from the border with Lebanon and relocate them to state-funded guest houses. The National Emergency Management Authority (NEMA) of Israel's Ministry of Defence and the Israeli Defence Forces are jointly implementing this evacuation plan. A statement from the Israeli Defence Forces revealed that this decision encompasses 28 communities.

Gold rate today: Amid ease in Middle East tension after announcement of ceasefire in south Gaza by US, Egypt and Israel, gold price rally took a pause during morning deals and opened lower at ₹59,209 per 10 gm levels. Gold price drifted further down after weak opening and hit intraday low of ₹58,944 levels.

After an air campaign resulting in hundreds of casualties, experts believe an Israeli ground invasion of Gaza is imminent, in response to Hamas' attacks that took approximately 1,300 lives in Israel. This potential ground offensive poses a risk of a broader regional conflict. Mint takes a closer look: Tensions flared on 7 October when Hamas targeted Israel in a coordinated assault.

By Rae Wee

Six-year-old Palestinian-American boy murder case: US President Joe Biden says, '…reject Islamophobia and all forms of…' The FBI is working via Joint Terrorism Task Forces to mitigate threats and keep these communities safe. Their officials are meeting with leaders in Jewish and Muslim communities to mitigate the threats. Police in US cities and federal authorities have been on high alert for violence driven by antisemitic or Islamophobic sentiments.

Israel-Palestine conflict. While the US and allies have showed their support to Israel, both China and Russia sided with Palestine.

Joe Biden in a statement. "This horrific act of hate has no place in America and stands against our fundamental values: freedom from fear for how we pray, what we believe, and who we are," he said. Biden urged Americans to unite against Islamophobia in the wake of the killing.

earlier shared on social media that it had already donated 4,000 meals to hospitals and military units dedicated to Israeli soldiers fighting Hamas. It plans to donate thousands of meals every day to soldiers in the field and in drafting areas, it said.

Investing.com-- Most Asian currencies fell slightly on Monday,  while the dollar retreated from recent peaks as investors continued to fret over any potential spillover from the Israel-Hamas war. 

Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan’s Nikkei index leading losses amid jitters before key inflation data this week. 

Investing.com-- Oil prices fell in Asian trade on Monday, reversing course after a sharp rally in the prior week as markets awaited any more developments in the Israel-Hamas war, as well as a string of Asian economic cues this week.  

By Andrea Shalal and David Lawder

By Yuka Obayashi and Emily Chow