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On December 30, Iranian President Peskov responded to recent threats from the United States and Israel on social media, stating that "the Islamic Republic of Irans response to any brutal aggression will be severe and regrettable." US President Trump met with visiting Israeli Prime Minister Netanyahu at Mar-a-Lago in Florida on December 29. He threatened that if Iran attempts to rebuild its ballistic missile program, the US will support Israel in launching another attack on Iran.Gold and silver prices rose, and U.S. mining stocks generally rose in pre-market trading. Pan American Silver (PAAS.O) rose 3.8%, Gold Fields (GFI.N) rose 3.7%, Harmony Gold (HMY.N) rose 3.6%, Cordell Minerals (CDE.N) rose 3.3%, and Newmont Mining (NEM.N) rose 2.6%.On December 30th, at the 10th anniversary celebration of Zhuoyu (formerly DJI Automotive), official images released by Zhuoyu showed that among its partnered models, there are "50+ mass-produced models and 30+ models about to enter mass production," including the U8 and U9 from BYDs high-end brand, Yangwang. However, sources close to BYD indicated that Yangwangs autonomous driving solution provider is Momenta, not Zhuoyu. It is understood that the official price of the Yangwang U8 and U9 exceeds one million yuan, targeting the high-end new energy vehicle market.On December 30th, Cao Cao Mobility (02643.HK) announced that its consolidated affiliated entity, Hangzhou Youxing, entered into an equity acquisition agreement with Zhejiang Jidi and an equity acquisition agreement with Mercedes-Benz Mobility and Geely Holding. According to these agreements, Hangzhou Youxing agreed to acquire 50% equity interests in Weixing Technology from both Zhejiang Jidi and Mercedes-Benz Mobility for a total cash consideration of RMB225 million. Upon completion of the acquisitions, Weixing Technology will become a wholly-owned subsidiary of Hangzhou Youxing.On December 30th, the National Medical Products Administration (NMPA) held a meeting in Beijing to advance the pilot program for deepening medical device vigilance. The meeting heard reports from the first batch of pilot provinces and discussed specific measures to further deepen the pilot program. Xu Jinghe, member of the Party Leadership Group and Deputy Director of the NMPA, attended and addressed the meeting. The meeting emphasized the need to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and its subsequent plenary sessions, deeply understanding the significance of deepening the pilot program for medical device vigilance; to clarify the responsibilities of all parties, implement pilot tasks, and strengthen the construction of systems and operational mechanisms; to improve platforms and systems, promote the "one body, two wings" construction, and enhance vigilance capabilities; and to fully utilize technologies such as AI to strengthen technological empowerment, quickly identify risk signals, and effectively handle risks.

At market close, Israeli stocks are up; the TA 35 is up 1.09 percent

Aria Thomas

Jul 11, 2022 10:58

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Following Sunday's closing bell, the Biomed, Oil & Gas, and Banking sectors contributed to a surge in Israel's stock market.


At the close of trading in Tel Aviv, the TA 35 rose 1.09 percent.


Maytronics (TASE:MTRN) had the best performance on the TA 35 throughout the session, increasing 3.91 percent or 184.00 points to end at 4,890.00. Bank Hapoalim (TASE:POLI) climbed 2.92 percent, or 87.00 points, to end trading at 3,065.00, while Strauss Group (TASE:STRUS) gained 2.58 percent, or 228.0 points, to 9,050.00.


Bezeq Israeli Telecommunication Corp Ltd (TASE:BEZQ) ended the day with the lowest performance, down 1.88 percent, or 10.20 points, to 532.80. Teva Pharmaceutical Industries Ltd (TASE:TEVA) finished at 2,615.00, down 0.30 percent, or 8.00 points, whilst Shapir Engineering Industry (TASE:SPEN) closed at 2,885.00, down 0.14 percent, or 4.00 points.


On the Tel Aviv Stock Exchange, advancing stocks outnumbered declining ones by a ratio of 346 to 144, with 34 stocks closing unchanged.


The price per barrel of crude oil for delivery in August increased 2.01%, or $2.07, to $104.80. Brent oil for September delivery jumped 2.39 percent, or 2.50 cents, to $107.15 per barrel, while the August Gold Futures contract increased 0.07 percent, or 1.20 cents, to $1,740.90 per troy ounce.


The USD/ILS exchange rate decreased 0.21 percent to 3.46, while the EUR/ILS exchange rate stayed unchanged at 3.53.


US Dollar Index Futures were 0.25 percent down at 106.69.