Israel Financial News

MUMBAI, NEW DELHI : Investors offloaded shares Monday on concerns about the economic fallout from the Israel-Hamas conflict. Oil and gas prices soared amid apprehension that the conflict may spread throughout the wider West Asian region. The selling pressure, led by retail and foreign portfolio investors (FPIs), drove the India VIX volatility index to post the biggest rise in 10 months, indicating the nervousness in the market over the impact of the war on crude prices and the rupee.

Gaza are preparing for an Israeli offensive of unprecedented scale after Saturday's deadly Hamas raid, with more than 130,000 fleeing their homes and stockpiling supplies as air strikes pound the crowded enclave with 560 already dead. Amid an intensified Israeli siege cutting off water, food and power, and a sudden new assault, conditions look worse than at any point since Palestinian refugees flocked there during the 1948 fighting when Israel was founded. Israeli military phone messages have warned people to leave some areas, indicating a new ground attack that could eclipse previous bouts of destructive warfare in the dense concrete townships that grew up in Gaza's original tented refugee camps. «Where should we go? Where should we go?» asked 55-year-old Mohammad Brais.

Resources Minister Madeleine King says fresh outbreaks of conflict overseas underline Australia’s importance as a trusted supplier of gas, as she pushed back on industry concerns that the Albanese government was more focused on destroying demand for gas than stoking investment in new supply.

Investing.com — Crude prices were up 4% Monday as the latest Middle East crisis  reintroduced geopolitical risk into the oil trade in a way unseen in years, resetting markets that just days ago were depressed more by concerns over the global economy.

WASHINGTON (Reuters) — The U.S. Army on Monday said it would need Congress to approve additional funding to ensure the Pentagon's munitions production and acquisition plans can potentially meet the needs of both Israel and Ukraine simultaneously.

Crypto prices are pulling lower on Monday as jitters surrounding the escalating Israel/Palestine conflict and its potential to spill over to major oil-producing regional neighbors like Iran send oil prices higher, raising inflation fears.

Hopes that oil supply might ease a bit next year, and inflationary pressures with it, are fading after Saturday’s shock attack on Israel. On Monday, Brent crude futures rose about 4% to $88 a barrel as traders sized up the potential impact on global supply of a new war in the Middle East. Neither Israel or Palestine are major oil producers, so there isn’t an immediate effect.

Meghalaya, including Rajya Sabha Member Wanweiroy Kharlukhi, who were stranded in Israel, have successfully crossed over to Egypt and are expected to reach India soon. A senior Meghalaya official, preferring anonymity, informed ET, «They are currently in Egypt and are expected to return to India in the near future.» Meghalaya Chief Minister Conrad K. Sangma mentioned on October 7 on social media platfom X, formerly known as Twitter, «27 citizens of Meghalaya who traveled for the Holy Pilgrimage to Jerusalem are stuck in Bethlehem due to the tension between Israel and Palestine.

By Lewis Krauskopf and Naomi Rovnick

With the unfortunate events over the weekend triggering a “risk off” response in the markets, and key US data to come later in the week, both the Japanese yen, still deemed by many as a haven currency, and the US dollar will be in focus this week. Additionally, there is the potential for further Japanese intervention given that the USD/JPY trades not too far from the 150.00 level, where it met some notable resistance, apparently by Japanese authorities, last week.

Israel’s border with Gaza. The event was billed as a celebration of “friends, love and peace.”It ended in a massacre.Just after dawn on Saturday, Zhiharev spotted what he initially thought were fireworks streaming across the sky.“But then I told my friend, ‘I think we’re getting bombed.’ And then as soon as I said that, the music cut off,” he said.Zhiharev and others mostly shrugged it off.

By Katharine Jackson

By Alexander Marrow

The impact of the conflict in West Asia could well be felt in markets across the world. Dalal Street was no exception. In India, Nifty opened gap down and remained in negative territory throughout the session. It finally ended down 0.7%, around 19500 and the Sensex shut shop at 65,512, down nearly 500 points. The market saw heightened volatility and 27 of 30 index stocks on Sensex ended lower on Monday. All sectors ended in red with major selling seen in PSU Banks, metals and consumer durables. The Adani stock cracked even as the company issued statement highlighting the concerns and employee safety at the Haifa Port.

Oil jumped more than 5% after Hamas’s surprise attack on Israel raised fears of a wider conflict. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar.

Click here! Gaza depends on Israel largely for its basic supplies and such a decision will have far-reaching consequences for 2.3 million people living in the densely populated area, the report said. The "complete siege" of the Gaza Strip comes amid Israeli air strikes in which nearly 500 Palestinians are believed to have been killed. The streets of Gaza for the last two days have looked completely deserted, and wary commoners were seen looking to stock up basic needs speculating about the imminent harsh attack.

Atal Bihari Vajpayee in a gathering, dated almost forty six years ago, had stood in support of Palestine and demanded Israel to ‘vacate the land’. The video has resurfaced amid the ongoing war between Israel, and Hamas fighters from Gaza. After Hamas fighters unleashed a multi-pronged surprise attack on Israel on Saturday, the Benjamin Netyanhu government ordered complete blockade and seize of Gaza in retaliation.

Global markets are kicking off the week with heightened volatility, fueled by escalating tensions between Israel and Palestine, which have now reached a level of official war.

(Reuters) — Global companies with a presence in Israel have temporarily shut some operations and asked employees to work from home following military clashes between the country and the Palestinian Islamist group Hamas.

Indian oil companies are targeting net zero by 2046 as they decarbonise operations to cut emissions and transition to cleaner fuels, Oil Minister Hardeep Singh Puri said on Monday. While India has pledged net zero carbon emissions by 2070, state-owned companies have set targets ranging from 2038 (ONGC) to 2046 (IOC). «Indian energy sector is on the cusp of a transition and is rapidly moving towards the centre of global oil and energy market as we are set to become a USD 5 trillion economy,» Puri said, addressing the 26th Energy Technology Meet here.

Gold prices rose more than 1% on Monday as the military conflict between Israeli forces and Palestinian Islamist group Hamas raised political uncertainty in the Middle East, prompting safe-haven buying of investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when gunmen from Hamas rampaged through Israeli towns on Saturday. Gold is used as a safe investment during times of political and financial uncertainty. Spot gold jumped almost 1% to $1,849.10 per ounce by 1132 GMT, having hit its highest level in a week. U.S.