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April 12th - Typhoon Sinlaku, the fourth typhoon of the year, strengthened into a severe typhoon early this morning (April 12th). It is expected to move northwest at a speed of about 15 kilometers per hour, continuing to intensify, and is projected to reach super typhoon strength (55-60 meters per second, Category 16-17). It is expected to gradually approach the waters near Guam in the early morning of April 14th, after which it will gradually turn to a more northerly direction. Sinlaku is not expected to affect my countrys coastal waters.According to a report by Irans Fars News Agency, citing its journalists, Iran and the United States failed to reach a consensus on their differences in the latest round of negotiations.According to a report by a correspondent for Iranian state television in Islamabad, talks between Iran and the United States will continue on Sunday.April 12th - Significant differences remain between the US and Iran, primarily regarding the Strait of Hormuz and the unfreezing of funds. Meanwhile, Israel remains a potential disruptor. Iranian media and analysts point out that the current situation can be described as a transitional phase between war and peace, with the regional situation remaining fragile. A comprehensive agreement between Iran and the US in the short term is unrealistic, but reaching a preliminary framework or a lasting cessation of hostilities is not impossible—however, it is crucial to consider whether Israel will seriously undermine this process at a critical moment.On April 12, local time, the third round of talks between Iran and the United States in Islamabad concluded. Iran described this round as the "last chance" to reach a framework agreement. Since April 11, the two sides had a busy schedule, consulting late into the night, with all parties vying for the temporary ceasefire window and intensifying their maneuvering. However, sharp differences remained on three core issues: control of the Strait of Hormuz, unfreezing overseas assets, and uranium enrichment. Outside the negotiating table, the US military announced mine-clearing operations in the Strait of Hormuz, while the Israeli Prime Minister declared that he would continue to strike Iran and its proxies. With the ceasefire window closing, diplomatic maneuvering and military actions are escalating simultaneously, and the situation in the Middle East is at a crossroads between war and peace.

At market close, Israeli equities dropped; the TA 35 index declined 0.64 percent

Aria Thomas

Jul 05, 2022 11:10


The Israel stock market declined on Monday evening, with losses in the Banking, Insurance, and Financials sectors leading the slide.


At the market's close in Tel Aviv, the TA 35 fell 0.64 percent.


During the session, Energix (TASE:ENRG) had the best performance on the TA 35, collecting 5.27 percent of 61.00 points to end at 1,218.00. Strauss Group (TASE:STRS) jumped 2.07 percent, or 180 points, to $8,859.00 at the conclusion of trade, while Azrieli Group Ltd (TASE:AZRG) advanced 1.08 percent, or 270 points, to $25,300.00 in late trading.


Israel Corp (TASE:ILCO) ended the day with the worst performance, sliding 3.96 percent, or 6,240.00 points, to 151,260.00. ICL Israel Chemicals Ltd (TASE:ICL) closed the day at 3,097.00, down 3.07 percent, or 98.00 points, while Kenon Holdings Ltd (TASE:KEN) down 2.28 percent, or 310.00 points, to 13,310.00.


On the Tel Aviv Stock Exchange, decreasing stocks outnumbered rising stocks by a ratio of 276 to 201, with 39 remaining unchanged.


The August delivery price per barrel of crude oil increased 1.82 percent, or $1.97, to $110.40. Brent oil for September delivery rose 1.75 percent, or $1.95, to $113.58 per barrel, while the August Gold Futures contract rose 0.28 percent, or $5.00, to $1,802.50 per troy ounce.


The USD/ILS exchange rate fell 0.60 percent to 3.50, while the EUR/ILS exchange rate fell 0.64 percent to 3.65.


The US Dollar Index Futures climbed 0.07 percent to 104.98.