Five things to know ahead of the trading day
Trading on the Tel Aviv Stock Exchange will open with negative arbitrage gaps led by chip stocks, against a mixed global backdrop and anticipation of the US midterm elections. Oil rises following reports of an American strike in Iran. Deutsche Bank assesses that the risk-reward ratio in technology stocks has turned positive again.
Trading on the Tel Aviv Stock Exchange will open this morning against a backdrop of negative arbitrage gaps led by chip stocks, which are expected to weigh on the leading indices. A mixed trend is seen globally, with markets awaiting the US midterm elections. The energy sector continues to draw attention as oil rises following reports of an American strike in Iran. Strategists at Deutsche Bank assess that the risk-reward ratio in technology stocks has turned positive again. Yesterday, the Tel Aviv Stock Exchange closed mixed: the TA-35 fell 0.5%, while the TA-90 rose 0.2%. Perion Network surged 31% on its sale to India's Affle for $420 million. Tower Semiconductor plunged 8.8% despite strong earnings. Israel Canada dropped 9.2% after completing its merger with Acro. In Asia, the Kospi is plunging 3.7% led by Samsung. US futures point to a negative open.