EUR/USD
1.12216
0.245%
Gold
4008.46
0.217%
Oil
100.285
-2.614%
USD/JPY
156.852
0.011%
GBP/USD
1.33807
0.065%
GBP/JPY
209.885
0.077%
Real-time News
October 26th - Despite three years of war and political turmoil, the Israeli market has risen sharply, but some investors believe there is further upside potential if the opposition defeats Netanyahu in Tuesdays election, as this could ease regional tensions and political risks. Polls show a close race, with neither Netanyahus ruling Likud party nor the opposition coalition led by former military leader Gadi Eisenkot expected to secure the 61 seats needed to govern in the 120-seat parliament. This raises the possibility of lengthy coalition negotiations and even another election. JPMorgan Chase stated that an opposition victory, improving relations with Western allies and halting the judicial reforms that sparked massive protests in 2023, could boost the shekel; while a Netanyahu-led government could weaken it. IBI Chief Economist Rafi Gozlan said an opposition victory is expected to boost the market. From a capital markets perspective, this could be reflected in a lower Israeli risk premium, upward pressure on the shekel, and a positive reaction from the local market.October 26th - The Bank of Japan will hold its monetary policy meeting from October 29th to 30th. A survey conducted by Nikkei Quick News Agency (NQN) from October 14th to 20th among analysts who track the Bank of Japans monetary policy showed that all respondents expect the Bank of Japan to maintain its policy rate at the current level of 1.25%. Regarding the timing of the next interest rate hike, over 80% of respondents expect it to be in December.According to the UKs Daily Telegraph, diplomatic sources say Russia hopes to include European countries in the negotiations, with the real aim of using the next round of talks to gain concessions on issues such as halting NATOs eastward expansion. Putin has consistently referred to NATOs eastward expansion as the "root cause" of the war.According to the UKs Daily Telegraph, a Kremlin foreign policy advisor said that Europe should participate in negotiations between Russian, Ukrainian, and US officials because the continent is crucial to reaching an agreement.According to Reuters: Two sources said that Saudi Arabia will be represented by Defense Minister Prince Khalid bin Saud, while Pakistan will be represented by Army Chief of Staff Munir.
