The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the transfer to calm the markets.
The Tel Aviv Inventory Change (TASE) opened sharply larger as we speak after US President Donald Trump introduced a 90-day pause on imposing tariffs on all international locations apart from China. The pause is being interpreted as a climb down after Trump admitted he had made the transfer to calm the markets.
Within the wake of Wall Avenue, which noticed indices report positive factors after Trump’s announcement, the TASE is inexperienced as we speak. In mid-morning buying and selling, the Tel Aviv 35 Index is 2.91% larger at 2440.66 factors and the Tel Aviv 125 Index is 3.01% larger at 2476.45 factors.
All 35 shares on the Tel Aviv 35 Index had been larger with Financial institution Leumi (TASE: LUMI) up 3.83%, ICL (TASE: ICL) up 4.07% and chip firm Nova (TASE: NVMI) up 12.8%.
Nevertheless, the shekel continues to lose floor towards the US greenback and the euro after breaking above the NIS 3.80/$ threshold yesterday for the primary time in eight months. In mid-morning inter-bank buying and selling the shekel-dollar trade charge is 0.58% larger at NIS 3.755/$ and the shekel-euro trade charge is 0.80% larger at NIS 4.131/€.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 9, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
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