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US President Trump: Americans are paying higher gasoline prices, but its a "very cheap price" relative to what the US has achieved.On September 17, the Hong Kong Monetary Authority (HKMA) announced a 25 basis point increase in its benchmark interest rate to 4.25%. This is the first adjustment to the benchmark interest rate by the HKMA since 2023, ending a period of interest rate stability. This rate hike is a direct response to the Federal Reserves policy change on the same day. The HKMA stated explicitly that following the Feds policy is to maintain the Hong Kong dollars peg to the US dollar. Under this system, the Hong Kong dollar is pegged to the US dollar, and Hong Kongs monetary policy must be linked to the US to ensure exchange rate stability. Despite the increase in the benchmark interest rate, the market remains cautious about the actual changes in local credit costs in Hong Kong. As is customary, major Hong Kong banks typically announce their own interest rate adjustment plans later that day after the HKMAs adjustment, with changes to the prime lending rate being particularly crucial.Multiple explosions were heard in Kyiv, Ukraine, in the early hours of September 17 local time.US President Trump: (Regarding Iran) I predict the war will end soon, and the government has transformed the United States from a “dark age” to a “golden age.”September 17th - US President Trump: "That war? That war will be over soon. Just watch. You just watch. Trump is right about everything. You just watch. They are being destroyed. They (Iran) very much want a deal. They call and say, We want a deal!"

At market close, Israeli equities are up; the TA 35 is up 1.79 percent

Charlie Brooks

Jun 27, 2022 11:13


Increases in the Real Estate, Banking, and Communication sectors led to a surge in Israel's stock market on Sunday evening.


At the close of trading in Tel Aviv, the TA 35 rose 1.79 percent.


Liveperson (TASE:LPSN) had the best performance on the TA 35, earning 9.87 percent or 484,000 points to end the session at 5,390.00. Strauss Group (TASE:STRS) climbed 5.02 percent, or 420.00 points, to end the trading day at 8,779.00, while OPKO Health Inc (TASE:OPKO) gained 4.75 percent, or 41.50 points, to 915.00.


Tower Semiconductor Ltd (TASE:TSEM) had the worst daily performance, sliding 0.68 percent or 110.00 points to end at 16,020.00. ICL Israel Chemicals Ltd (TASE:ICL) down 0.46 percent or 15.00 points to 3,235.00, whilst Israel Corp (TASE:ILCO) decreased 0.37 percent or 600.00 points to 160,300.00.


On the Tel Aviv Stock Exchange, advancing shares over declining shares by a ratio of 393 to 105, with 28 stocks closing unchanged.


The price per barrel of crude oil for August delivery increased by $2.79, or 2.68 percent, to $107.06. Brent oil for September delivery remained unchanged by 0.00 percent or $0.00 at $109.10 per barrel, but the August Gold Futures contract decreased by 0.09 percent or $1.70 to trade at $1,828.10 per troy ounce.


The USD/ILS fell 1.07 percentage points to 3.41, while the EUR/ILS fell 0.82 percentage points to 3.60.


US Dollar Index Futures were 0.29 percent down at 103.89.