The Tel Aviv 35 Index opened buying and selling this morning down greater than 2% however these losses had been worn out after Trump’s surprising announcement.
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Heavy losses on the Tel Aviv Inventory Trade (TASE) had been worn out after US President Donald Trump introduced he’s suspending strikes on Iran’s energy vegetation after “very productive talks on a full and closing answer to the battle between us within the Center East.”
The Tel Aviv 35 Index opened buying and selling this morning down greater than 2% however most of those losses had been worn out after Trump’s surprising announcement. The Tel Aviv 35 Index is at present up 0.19% at 4,322.08 factors. World markets have additionally rallied with Wall Avenue sharply increased and the value of oil has fallen from $113 a barrel to $103.
The shekel, which started the day greater than 1% weaker in opposition to the US greenback, strengthened after Trump’s announcement. This afternoon the Financial institution of Israel set the consultant shekel-dollar fee 0.096% increased from Friday, at NIS 3.112/$, and the consultant shekel-euro fee was set 0.226% increased, at NIS 3.5995/€.
Mizrahi Tefahot Financial institution chief markets economist Ronen Menachem says, “We’re witnessing a pointy decline in oil costs, though they continue to be a minimum of $10 above the pre-crisis degree, as a result of the markets will wish to be satisfied that on the finish of the 5-day truce the marketing campaign will certainly be utterly over. That is the market that could possibly be most broken by an extra escalation of tensions and its concentrate on vitality services, and subsequently it would even be hesitant to return to opening ranges earlier than issues change into utterly clear.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 23, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
US President Donald Trump credit score: Reuters Kyle Mazza
