Israel Financial News

Investing.com-- Gold prices fell on Monday, reversing course after increased safe haven demand spurred a series of strong gains in the yellow metal, with focus remaining on any potential spillover from the Israel-Hamas war.

Forex traders said falling domestic inflation, rise in industrial production figures and improvement in trade deficit aided the local unit. However, geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.24, registering a gain of 6 paise over its previous close. On Friday, the rupee fell 6 paise to settle at 83.30 against the US dollar. «For now, a mild risk-off stance supports USD demand, but positive economic data and RBI intervention maintain the rupee's range between 83.05 and 83.30. The situation remains delicate, with the potential for rapid shifts in response to geopolitical developments,» CR Forex Advisors MD-Amit Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 106.53. Brent crude futures, the global oil benchmark, advanced 0.11 per cent to USD 90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 161.12 points or 0.24 per cent lower at 66,121.62.

Middle East have taken note of three events that many believe may be linked to biblical prophecies about the end of the world. The speculations started The Mirror published an article recently. Event No. 1: The Birth of a Red Cow in Israel The first event that has raised eyebrows involves the birth of a red cow in Israel after 2,000 years.

Israel to occupy the Gaza Strip again would be a «big mistake,» US President Joe Biden said in an interview released on Sunday, as Israeli troops prepared for a ground invasion. Israel, seeking vengeance for an attack by Hamas on October 7, has declared war on the militant group, launching a relentless bombing campaign and warning more than a million people in northern Gaza to move south ahead of the operation. Asked by CBS news program 60 Minutes if he would support any occupation of Gaza by the American ally, Biden replied: «I think it'd be a big mistake.» Hamas «don't represent all the Palestinian people,» he continued. But invading and «taking out the extremists» is a «necessary requirement,» he added. The Hamas attack saw fighters shoot, stab and burn to death more than 1,400 people, most of them civilians.

An Israel Defense Forces official says Hamas is “trying to prevent” people from fleeing Gaza, as civilians try to seek safety ahead of an expected Israeli ground offensive.

Also read: Israel-Hamas war: Shocking video of Israelis urinating on dead Palestinians surfaces on internet 2. More than one million people have fled their homes in Gaza as Israel bombarded the Hamas-ruled Gaza Strip and continued in preparation for a full-blown ground invasion. 3.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the infra play has got a little stretch in valuation. It is time for consumption to pick up. Because so far, whatever consumption has picked up has been premium consumption – be it premium housing, cars with prices over Rs 7 lakh. I think the mass consumption is yet to pick up. Come election year with liquidity floating in the market, this festival season numbers will also come in. It is a delayed festival season with Diwali coming only mid-November.” Where are your investments, apart from Sundaram Mutual Funds? Nothing apart from Sundaram Mutual Funds. Everything is in Sundaram.

financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy. Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to «demolish Hamas» as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation. S&P 500 E-Mini futures edged up after they opened on Sunday, last up 0.2%, while oil prices were virtually unchanged. Trading had been choppy in the last week as Wall Street worried about whether other countries such as Iran would get involved, but investors were directing most of their attention to interest rates and issues related to the U.S. economy. «As long as the war remains relatively localized, U.S.

Hamas attackers for five hours, before she was shot and killed. Others hid in the woods, barricaded themselves in safe rooms and waited for up to 26 hours for help to arrive. The slow response of Israeli forces on Saturday, a national holiday, gave Hamas terrorists many hours to infiltrate more than 20 towns outside Gaza, where they killed at least 1,200 people and took an estimated 150 hostages. Israeli officials declined to answer questions about the timing of their response to the attacks. Here's what we know about the timeline of some of the deadliest events and the official response, based on interviews with survivors and their family members, and an analysis of photos and video. Before the attacks Before 6:30 a.m. Israeli intelligence detected an unusual surge in activity on the Gazan militant networks it monitors and alerted the Israeli soldiers guarding the Gazan border. But the warning wasn't acted upon, either because the soldiers didn't receive the alert or the soldiers didn't read it. Start of attacks Around 6:30 a.m. The deadliest attacks in Israel's history started in many places at the same time.

Joe Biden on Sunday condemned the deadly stabbing attack against a six-year-old Muslim boy, which police have linked to the ongoing Israel-Hamas war, as a «horrific act of hate.» «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,» Biden said in a statement, adding he was praying for the recovery of the boy's mother, who was also severely wounded in the attack.

Gaza Strip since Israel began its bombardment against Hamas, the UN said on Sunday, warning of dire conditions on the ground. Israel declared war on the Islamist group last Sunday, a day after waves of its fighters broke through the heavily fortified border and shot, stabbed and burned to death more than 1,400 people, most of them civilians. The relentless bombing since against those who masterminded the attack have flattened neighbourhoods and left at least 2,670 people dead in the Gaza Strip, the majority ordinary Palestinians.

Hamas. Israel's shekel sank to a nearly eight-year low, after the country's prime minister, Benjamin Netanyahu, vowed to «demolish Hamas» in retaliation for the rampage on Oct. 7 that killed 1,300 people in the worst attack on civilians in Israel's history. U.S.

cautious trade as tensions in the Middle East escalated, while investors awaited a speech by Federal Reserve Chair Jerome Powell later this week for further clues on the U.S. central bank's rate outlook. The Israeli shekel fell to more than an eight-year low of 3.9900 per dollar in early Asia trade, after the country's Prime Minister Benjamin Netanyahu vowed on Sunday to «demolish Hamas» as his troops prepared to move into the Gaza Strip in pursuit of Hamas militants. Carry trades funded by the yen could be the biggest casualty of further escalation in the war, analysts said, as global investors who have for months been shorting the yen to invest in higher-yielding currencies buy it back as a safe-haven. The yen was last steady at 149.53 per dollar. The Japanese currency, which is near to potential intervention levels around 150, could also rally if the Fed has to stop hiking rates even as the Bank of Japan feels compelled by domestic inflation to tighten policy.

Russia's top diplomat Sergei Lavrov arrived in Beijing on Monday ahead of an expected visit by President Vladimir Putin to China, for a gathering of representatives of 130 countries that will be overshadowed by the Israel-Gaza war. This will be Putin's first trip to a major global power since the Ukraine invasion. The foreign ministry announced on social media platform X, formerly Twitter, that Lavrov was in the Chinese capital as part of a Russian delegation. Beijing is hosting representatives of 130 countries Tuesday to Wednesday to mark a decade of its Belt and Road Initiative (BRI) — a key geopolitical project of President Xi Jinping to extend China's global reach. But all eyes will be on Putin, who last month told Beijing's Foreign Minister Wang Yi in Saint Petersburg he had «gladly accepted» Xi's invitation to visit China for the BRI talking shop. The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation. Putin last week voiced concern at the «catastrophic increase» in the number of civilian victims in Israel and the Gaza Strip. The Kremlin ambassador to the United Nations has called for a «humanitarian cease-fire» in the Gaza Strip and Israel, while blaming the United States for the ongoing conflict. This year, trade between China and Russia has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite. China has refused to condemn the war in an effort to position itself as a neutral party, while at the same time offering Moscow vital diplomatic and financial support. At the heart of the

Gold prices slid on Monday after hitting a near one-month high earlier, as escalating fears of the conflict between Israel and Palestinian militant group Hamas boosted safe-haven bullion more than 3% higher in the last session. FUNDAMENTALS * Spot gold fell 0.5% to $1,921.69 per ounce by 0102 GMT and U.S. gold futures dropped 0.4% to $1,934.40. * Gold, which is seen as a safe investment during uncertain times, hit its highest since Sept.

Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy. Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Moody’s Investors Service postponed a planned review of Israel’s rating on Friday, saying it continued to evaluate the wider credit risk of recent hostilities. The resilience of Israeli debt issuers is at stake if a conflict stretches on, the ratings agency said in a separate note earlier last week.

CBS News, Joe Biden said the United States has been working to alleviate shortages of food, water, and gas to protect civilians. He also asserted that the extreme elements of Hamas don't represent all Palestinians. "But invading and "taking out the extremists" is a “necessary requirement".

Read all the latest updates on Israel-Hamas war at Mint's LIVE blog:United States Secretary of State Antony Blinken has reiterated that the US has Israel's back."The United States has Israel's back. We will stand with it today, tomorrow, and every day, and we're doing that in word and also in deed," Blinken said.US President Joe Biden said he is "confident" Israel will act under the rules of war in its conflict with Palestine.In an interview with "60 Minutes," Biden said that while he believes Hamas must be eliminated entirely, there must be a path for a Palestinian state.Florida Governor Ron DeSantis has said that the United States should not accept Palestinian refugees escaping from Gaza.

Gaza is expected to reopen amid diplomatic efforts to get aid into the Hamas-controlled strip that has been under intense Israeli bombing since the group's rampage that killed 1,300 people on Oct. 7. Shocked by the assault on towns and villages, Israel is carrying out the most intense bombardment Gaza has ever seen, has imposed a strict blockade, and is preparing a ground invasion. Hundreds of metric tons of aid from several countries have been held up in Egypt's Sinai Peninsula for days pending a deal for its safe delivery to Gaza and the evacuation of some foreign passport holders through the Rafah crossing. «Rafah will be reopened.

Analysts expect markets to remain range-bound for next week, as they will take further cues from a surge in crude oil prices, the Israel conflict, banks' quarterly results. 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 25 points, or 0.13 per cent, at 19725.50, signaling that Dalal Street was headed for positive start on Monday.