Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Israel’s stock market closed higher on Sunday, with the TA 35 index surging 0.95% to reach a new all-time high. Gains in the insurance, real estate, and technology sectors propelled the market, reflecting investor confidence amid a broader global economic slowdown.
Top Performers Lead the Surge
Phoenix Holdings Ltd. emerged as the best performer of the session, jumping 4.31% to hit 5,060.00 points, its highest level in five years. The company’s performance was bolstered by strong quarterly earnings and robust demand in the insurance sector.
Airport City Ltd. also posted impressive gains, climbing 4.03% to 6,141.00 points, while Nova soared 4.01% to 70,090.00 points in late trading, reflecting the resilience of Israel’s technology sector.
In contrast, Camtek Ltd. and Tower Semiconductor Ltd. were among the worst performers, shedding 2.39% and 2.20%, respectively. Teva Pharmaceutical Industries Ltd. also declined, losing 1.93% to close at 6,247.00 points, reflecting challenges in the pharmaceutical industry.
Commodities and Currency Markets
While Israeli stocks gained, commodities saw mixed results. Crude oil prices fell, with January delivery down 1.61% to $67.20 a barrel. Brent oil for February delivery also dropped 1.35% to $71.12 a barrel. Gold futures, however, climbed 0.42% to $2,659.60 per troy ounce, reflecting investor caution amid global market volatility.
Currency markets painted a similar picture. The Israeli shekel strengthened against the U.S. dollar and euro, with USD/ILS down 0.56% to 3.57 and EUR/ILS falling 0.53% to 3.78. The U.S. Dollar Index rose 0.32% to 105.73, indicating continued dollar strength against a basket of major currencies.
