Five things to know ahead of the stock market opening
Ahead of trading on the Tel Aviv Stock Exchange this morning against the backdrop of sharp declines on Wall Street: the shekel weakens against the dollar, dual-listed stocks return with negative arbitrage gaps, and sharp declines in Asia as the Nikkei enters a bear market. Modi Shafrir of Bank Hapoalim attributes the declines to the erosion of Israel's status in the US and Trump's announcement on canceling security aid.
The article reviews five key topics ahead of the opening of trading on the Tel Aviv Stock Exchange this morning (Friday, November 6, 2026), against the backdrop of sharp declines on Wall Street yesterday. Trading is expected to open with declines, as the weakening of the shekel softens the negative arbitrage gaps of dual-listed stocks. Modi Shafrir, chief strategist at Bank Hapoalim, attributes the declines to the erosion of Israel's status in the US and Trump's announcement on canceling security aid, along with the results of the elections in Israel that raise fears of additional elections. In Asian stock markets, sharp declines are recorded, and the Nikkei in Japan has entered bear market territory. Futures on Wall Street signal a mixed trend. The dollar has strengthened by 12% against the shekel since May, standing at 3.2 shekels. Oil prices rise by 1.7% to $99 per barrel. The article also quotes Shmuel Katzavian of Discount Bank, who warns of clashes over the US debt ceiling in 2027.