Palestine Financial News

Middle East. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' surprise attack on Israel as well as Fed officials' overnight comments. After dropping 15 basis points at the open, 10-year yields were 12.5 bps lower at 4.66% at 1235 GMT. Two-year yields also dived more than 13 bps to a one-month low of 4.926% as short-term rate expectations were dialled back. Yields fall when bond prices rally. Fed Vice Chair Philip Jefferson and Dallas Fed president Lorie Logan both noted on Monday that the recent run-up in yields may reduce the need for further interest rate hikes. «If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening,» Logan said. Analysts at Citi noted Logan has been one of the strongest advocates that the Fed would need to follow through with further tightening, but interpreted her remarks as suggesting that higher long-term rates curtail the need for short-end hikes. Implied futures pricing has reduced the probability of another rate hike this year from above 40% last week to about 26% on Tuesday, according to CME's FedWatch tool. The Mideast conflict, already claiming more than 1,500 lives, drove bond yields lower globally on Monday as investors turned to safe-haven assets.

Tezos (XTZ), the cryptocurrency that powers the Tezos layer-1 blockchain protocol, has pumped over 11% on Monday.

Sensex and Nifty 50, ended sharply lower on Monday, snapping a two-day winning run, as the ongoing Israel-Palestine war spooked investors. The Nifty 50 fell 141 points to close at 19,512.35 and the Sensex ended 483 points lower at 65,512.39. Nifty 50 formed a small negative candle on the daily chart with upper shadow.

AP reported. Among them, Maya Alper stood at the rear of the bar alongside environmentally conscious volunteers. They diligently cleaned up trash and handed out complimentary vodka shots to those who reused their cups.

Hamas group, killing over 1,000 people so far. “Today, we — President Macron of France, Chancellor Scholz of Germany, Prime Minister Meloni of Italy, Prime Minister Sunak of the United Kingdom, and President Biden of the United States — express our steadfast and united support to the State of Israel, and our unequivocal condemnation of Hamas and its appalling acts of terrorism," the statement read.

Israel-Palestine war news: How Pegasus spyware failed Israel during Hamas attack “When white phosphorus comes into contact with skin it creates intense and persistent burns, sometimes to the bone. Infection is common and the body's absorption of the chemical can cause serious damage to internal organs, as well as death," it said.

Gaza Strip after the Hamas group launched a deadly rocket attack on Israel that killed over 1,000 people and left hundreds injured. Dozens of foreigners have been killed, injured, or taken hostage during a surprise attack on Israel by the Palestinian militant group Hamas. Many of the missing foreigners were at an electronic music festival in the southern Israeli desert, at which scores of revelers were massacred.

Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued. Brent crude fell 18 cents, or 0.2%, to $87.97 a barrel at 0017 GMT, while U.S. West Texas Intermediate crude eased 16 cents or 0.2% to $86.22 a barrel. Both benchmarks had gained more than $3.50 on Monday on news of the conflict after falling steeply in volatile trading last week. Hamas' launched the largest military assault on Israel in decades on Saturday.

Wall Street's major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and the Palestinian Islamist group Hamas. The Israeli military said it called up reservists and was imposing a total blockade of the Gaza Strip in signs it could be planning a ground assault there to defeat Hamas which launched a deadly attack over the weekend. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. U.S. President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. News of the conflict sparked an oil rally due to supply concerns.

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. 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 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

Hamas movement threatened to execute an Israeli captive every time Israel bombs a Palestinian home without warning, as Israel called up an unprecedented 300,000 reservists and imposed a blockade on the Gaza Strip, raising fears it planned a ground assault. The violence, which has claimed more than 1,500 lives, prompted international declarations of support for Israel after a devastating weekend attack by Hamas, and appeals for an end to the fighting and protection of civilians. Israeli TV channels said the death toll from the Hamas attack had climbed to 900 Israelis, with at least 2,600 injured, and dozens taken captive. Among the Israeli dead were 260 mostly young people gunned down at a desert music festival, where some of the hostages were abducted. Israeli Prime Minister Benjamin Netanyahu vowed revenge in a fiery speech accusing Hamas of executing tied-up children and other atrocities.

Catch all the LIVE updates on the Israel-Palestine War here, President Joe Biden said Monday that 11 Americans are dead and others are likely being held hostage by the Palestinian militant group Hamas after a surprise attack on Israel using what a US official called "ISIS-level savagery."As fears grew that the conflict could turn into a regional conflagration, the White House said there was no intention to put US boots on the ground but warned Iran and other actors not to get involved.

Buy or sell stocks for today: First a look at how equity indices fared on Monday - the Nifty 50 and the Sensex ended with significant losses as the ongoing Israel-Palestine war spooked investors. Nifty 50 finally closed at 19,512.35, down 141 points, or 0.72%. The Sensex ended the day with a loss of 483 points, or 0.73%, at 65,512.39.

Reuters. In a phone interview with Al Jazeera, Moussa Abu Marzouk said that Hamas was open to "something of that sort" and "all political dialogues" when asked whether the Islamist group is willing to discuss a possible ceasefire.

October 9, 2023

By Davide Barbuscia

Benjamin Netanyahu says that Israel has «only started» a fierce offensive in the Gaza Strip in response to an unprecedented Hamas attack. Netanyahu delivered the pronouncement in a nationally televised address as Israel pressed ahead with a third day of heavy airstrikes in Gaza.

European Union late Monday reversed an earlier announcement by an EU commissioner that the bloc was «immediately» suspending development aid for Palestinian authorities and instead said it would urgently review such assistance in the wake of the attacks on Israel by Hamas to make sure no money was misused. «There will be no suspension of payments» at the moment, a terse European Commission statement said late Monday, five hours after EU Commissioner Oliver Varhelyi had said that all payments from the development programme for Palestinians would be «immediately suspended.

A risk-off tone to macro trading conditions on Monday amid jitters regarding the escalating Israel/Palestine is weighing on crypto prices.

Major airlines are suspending flights to Israel after it formally declared war following a massive attack by Hamas

U.S. Senate Majority Leader Schumer says he is grateful for a stronger statement from China condemning the deadly Hamas attack on Israel issued during his visit to Beijing that included a lengthy meeting with President Xi Jinping