TASE rallies after Trump declares Iran talks
The Tel Aviv 35 Index opened buying and selling this morning down greater than 2% however these losses have been worn out after Trump’s surprising announcement.
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Heavy losses on the Tel Aviv Inventory Change (TASE) have been worn out after US President Donald Trump introduced he’s suspending strikes on Iran’s energy vegetation after “very productive talks on a full and ultimate answer to the battle between us within the Center East.”
The Tel Aviv 35 Index opened buying and selling this morning down greater than 2% however most of those losses have been worn out after Trump’s surprising announcement. The Tel Aviv 35 Index is at present up 0.19% at 4,322.08 factors. World markets have additionally rallied with Wall Avenue sharply larger and the value of oil has fallen from $113 a barrel to $103.
The shekel, which started the day greater than 1% weaker towards the US greenback, strengthened after Trump’s announcement. This afternoon the Financial institution of Israel set the consultant shekel-dollar fee 0.096% larger from Friday, at NIS 3.112/$, and the consultant shekel-euro fee was set 0.226% larger, at NIS 3.5995/€.
Mizrahi Tefahot Financial institution chief markets economist Ronen Menachem says, “We’re witnessing a pointy decline in oil costs, though they continue to be not less than $10 above the pre-crisis stage, as a result of the markets will need to be satisfied that on the finish of the 5-day truce the marketing campaign will certainly be fully over. That is the market that may very well be most broken by an extra escalation of tensions and its give attention to vitality services, and subsequently it is going to even be hesitant to return to opening ranges earlier than issues change into fully clear.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 23, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
US President Donald Trump credit score: Reuters Kyle Mazza
