Palestine Financial News

Investing.com — Several airlines have halted or reined in some flights to Israel following the escalation of violence between the country's forces and Palestinian group Hamas.

Investing.com — U.S. stock futures slumped Monday as the escalating conflict between Israel and Hamas added geopolitical risk to concerns over elevated inflation and rising interest rates.

Just on Friday, oil and gold longs would have retired for the weekend expecting more downside from a global macro trade that had given them the thumbs-down.

(Reuters) — U.S. stock index futures slipped on Monday as a growing conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped close to 3%.

Investing.com — European stock markets traded lower Monday, as investors assessed the implications of the military conflict in the Middle East and the associated surge in oil prices.

By Wayne Cole

By Natalie Grover

LONDON (Reuters) -Oil surged, along with European defence stocks, while airline shares plunged after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history, unleashing fears of a wider Middle East conflict.

Investing.com — Oil prices climbed sharply Monday as the escalating violence in the Middle East raised concerns about the security of future crude supply.

NEW YORK (Reuters) -The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets.

Investing.com — The safe-haven U.S. dollar gained in early European trade Monday as the escalation of the conflict in the Middle East hit risk sentiment, following on from last week’s strong payrolls report.

Investing.com -- U.S. stock futures slump after fresh violence over the weekend between Israel and Hamas. The conflict's geopolitical ramifications spark a jump in oil prices, adding to concerns over inflationary pressures as crucial U.S. consumer price data looms later in the week. Elsewhere, activist investor Nelson Peltz reportedly plans a push for board seats at Walt Disney (NYSE:DIS), while Citigroup (NYSE:C) agrees to sell its mainland Chinese consumer wealth unit to HSBC Holdings (LON:HSBA).

By Joice Alves and Rae Wee

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Catch Israel-Palestine War Live Updates here The fallout of Israel-Hamas war on the global economy may take time to become clear but would become more severe if the conflict spreads to the rest of the Middle East, especially Iran, which is both a major oil producer and supporter of Hamas. “It’s too early to say" what the implications may be, though oil and equity markets may see immediate fallout, Agustin Carstens, general manager of the Bank for International Settlements, said in a presentation to the National Association for Business Economics, Reuters reported.

Hamas’s bloodthirsty assault on Israel. That is because it involved thousands of rockets, and fighters attacking the south of the country by land, sea and air. And because it was completely unforeseen despite its scale, inflicting a humiliating blow against Israel’s vaunted intelligence services.

rupee ended flat at 83.25 against the US dollar. The rupee hit a lifetime low of 83.29 in October 2022. Brent crude futures, the global oil benchmark, advanced 3.13% to $87.23 per barrel.

₹192.25 on 29th September, however had corrected more than 5% during the previous week as it stood amongst the largest losers amongst Nifty stocks, following correction in crude prices. The global slow down concerns had weighed on the crude prices during the last week that had otherwise been rising on supply side concerns due to production cuts by Russia and Saudi Arabia. The Israel Palestine Crisis now however is leading to the expectations of rebound in crude prices and remains supportive for ONGC stock prices.

Joe Biden's $6 billion prisoner-swap deal with Iran is now under the spotlight after militant group Hamas, long backed by Iran, staged one of the bloodiest attacks on Israel in years. Some Republicans are trying to link Biden to attack. Nikki Haley, one of the Republican presidential candidate for 2024 polls, alleged that allowing Iran access to the billions of dollars improves its budget situation, letting it use the money elsewhere. «Let's be honest with the American people and understand that Hamas knows, and Iran knows they're moving money around as we speak, because they know $6 billion is going to be released. That's the reality,» she said. US Secretary of State Antony Blinken has however said that there is not evidence yet of «Iran directed or was behind this particular attack, but there’s certainly a long relationship.» Fighting between Israel and Hamas militants continued for the third day, which is likely to drag on. More than 1,100 people have been killed in Palestinian group Hamas's surprise assault on Israel on Saturday and Israel's retaliation.

Hamas on Saturday represented an equally stunning intelligence failure by Israel that involved undetected warnings, overwhelmed missile defenses and a slow response by apparently unprepared military forces, former and current U.S. officials said. American officials said Hamas had achieved a complete tactical surprise, reflected in a death toll of at least 700 Israelis.

Israel by air, land and sea.Millions of Israelis in the country’s south awoke to incoming rockets and the inevitable thud of impact. Air raid sirens wailed as far north as Tel Aviv.