What will the dual-listed stocks do tomorrow, and will the US elections divert the locomotive of Wall Street off track?
Globes publishes a forecast for the trading week, focusing on the impact of the US elections on Wall Street and the threat of renewed war against Iran. The Tel Aviv and New York stock exchanges closed a red month, with funds moving from technology stocks to defensive sectors. The shekel weakened to a more than six-month low against the dollar. The earnings season in Israel will open with reports from Tower, Teva, and El Al; in the US, Apple, Palantir, and AMD will report.
Globes publishes a comprehensive forecast for the upcoming trading week, focusing on the impact of the US elections on Wall Street and the growing threat of renewed war against Iran. The Tel Aviv and New York stock exchanges closed October with declines, as money flows from technology stocks to defensive sectors such as healthcare, consumer staples, and infrastructure. The shekel weakened to a more than six-month low against the dollar, standing at 3.14 shekels. The earnings season in Israel will officially open with reports from Tower, Teva, Camtek, Nova, and El Al. In the US, Apple, Palantir, AMD, and Berkshire Hathaway will report. US employment data will be in focus and will influence the direction of interest rates. The article quotes Dror Karni, CEO of Karni Family Office, who assesses that the more significant risk lies in the bond market and the exchange rate, and Lombard Odier economists, who see the shekel's weakening as a correction to its unusual strength in the first half of the year.