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Intel (INTC.O): Greg Ernst will leave Intel after 27 years in the company.Intel (INTC.O): Appointed Dean Jarnac as Executive Vice President and Chief Sales Officer.On August 8th, the U.S. Federal Aviation Administration (FAA) issued an airworthiness directive on August 6th, applicable to three models of Boeing passenger aircraft, affecting an estimated 471 aircraft registered in the United States. The FAA stated that it had received reports of cracks in the fuselages of some aircraft, and that these issues could adversely affect the structural integrity of the aircraft. The directive requires inspections of these aircraft. The directive will take effect on September 10th.The Federal Reserve accepted a total of $1.45 billion from two counterparties in its fixed-rate reverse repurchase operations.August 8th - According to White House National Economic Council Director Hassett on Friday, US President Trump and Federal Reserve Chairman Warsh frequently discuss economic issues. Hassett stated that he does not overhear these calls but insisted he is "confident" the president will not pressure Warsh on interest rate decisions. Hassett said, "Wash and the president have a very close, long-standing relationship stemming from their interactions in New York City and Florida, and they have consistently discussed the economy. I also communicate with Warsh, and so does Bessett, so this is not news." Regular calls between Trump and Warsh are uncommon in the modern history of the White House-Federal Reserve relationship and have raised concerns that the president is seeking to influence the Feds policy-making. Hassett stated that Trump "respects the independence of the Federal Reserve."

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.