logo
El Al boosts flights to return stranded passengers after Iran-Israel ceasefire

El Al boosts flights to return stranded passengers after Iran-Israel ceasefire

Yahoo8 hours ago

By Steven Scheer
JERUSALEM (Reuters) -El Al Israel Airlines is working on an airlift to bring back to Israel tens of thousands of travellers stranded by widespread flight cancellations following the start of the Israel-Iran war on June 13, it said on Tuesday.
El Al, Israel's flag carrier, said that in the wake of a ceasefire between Israel and Iran after 12 days of fighting and with the gradual opening of Ben Gurion Airport near Tel Aviv, it would boost its schedule, use its full fleet and add thousands of seats in the next 24 hours.
The airline - which has cancelled regular flights through June 27 - said it would operate one-way flights from New York, Los Angeles, Bangkok, London, Paris, Rome, Athens, Budapest, Bucharest and Tbilisi.
For nearly two weeks, Israel's airspace has largely been closed as Israel and Iran traded air attacks, but Israeli carriers have, in recent days, begun rescue flights to return travellers to Israel.
Flight frequencies increased on Tuesday after U.S. President Donald Trump announced a ceasefire deal between Israel and Iran but Israel has yet to fully open its airspace.
El Al's fleet comprises Boeing 787 Dreamliner and 737 aircraft.
Israel's Airports Authority earlier in the day said it was working towards a gradual return to routine operations in the coming hours, and that it was coordinating with all airlines and operational partners at Israel's airports "to ensure an orderly and safe process for passengers."
Smaller Israeli carriers were also operating rescue flights. Arkia Airlines said it was bringing passengers back from Milan, Athens, Vienna and Larnaca in Cyprus.
Israir said it would operate flights from Varna, Bulgaria on Wednesday and Baku on Friday.
Israel was also working on enabling nearly 40,000 tourists to leave Israel. Many have left via border crossings with Egypt and Jordan, as well as on boats to Cyprus.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Among 500 Stocks Generating Unusual Options Activity, The YouTube of China Deserves Close Attention
Among 500 Stocks Generating Unusual Options Activity, The YouTube of China Deserves Close Attention

Yahoo

time25 minutes ago

  • Yahoo

Among 500 Stocks Generating Unusual Options Activity, The YouTube of China Deserves Close Attention

While the options market carries a reputation for unique complexities, it can also be a powerful tool for speculation. Thanks to their leverage, traders can utilize debit spreads to bet on relatively small movements in the open market. These valuation swings, however, can translate to massive payouts in the derivatives arena, thus attracting an increasing number of retail participants. Still, even if an investor had absolutely no desire to trade options, it's always worthwhile to consider Barchart's screener for unusual stock options volume. First, unlike many other financial publications, Barchart provides a comprehensive list of securities attracting attention from the big dogs. Second, on a more fundamental note, aberrant transactions can tip retail investors off to potential moves that could occur in the future. Palantir, Nuclear Stocks, and the Put/Call Ratio: Key Stocks, Sectors, and Indicators on Watch After U.S. Strikes on Iran Exxon Stock is Still Cheap Here - Shorting OTM Puts Sets a Lower Buy-In Triple Your Kimberly-Clark Dividend with this Options Strategy Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! To be clear, it's not a foolproof mechanism. However, some reasonable inferences can be made. For instance, if traders buy large volumes of out-of-money call options, one can assume that these market participants are bullish. After all, for a debit-based transaction to be profitable, the underlying event that is being speculated on must materialize; otherwise, the trade falls apart. On Friday, one of the top highlights in Barchart's unusual options screener was video-sharing and live-streaming platform Bilibili (BILI). Commonly known as the YouTube of China, Bilibili has enjoyed double-digit growth in the first quarter of this year. Further, its advertising revenue is up 20% on a year-over-year basis, reflecting the platform's accelerating popularity. Heading into the weekend, BILI stock represented one of the highlights in terms of unusual derivatives activity. Total volume reached 53,310 contracts, representing a 202.57% lift over the trailing one-month average. But at first glance, circumstances didn't appear encouraging, with call volume only landing at 16,043 contracts, while put volume jumped to 37,267. Fortunately, options flow — which exclusively filters for big block transactions likely placed by institutional investors — clarified the context. On the final business day of last week, net trade sentiment slipped to $662,100 above parity, thus favoring the bulls. As it turned out, the large number of puts represented sold or credit-based contracts. Basically, these traders are underwriting the risk that BILI stock will not fall below certain profitability thresholds (of put buyers) by expiration. While it's not the most directly bullish take on BILI, there's an underlying assumption of optimism. While the fundamental and technical backdrop (via options activity interpretations) appears positive for BILI stock, the challenge is that, for traders, the information lacks specificity. Especially for those interested in trading options, market participants must consider the fact that derivatives expire. Therefore, a proposed thesis must be right in magnitude (y-axis) and in time (x-axis) to be profitable. Stated differently, traders live in the world of probabilities. They're not so much obsessed about the 'why' of an investment but rather the 'how' — how much, how fast, how likely. To answer this inquiry requires statistical analysis. However, merely running probability matrices on financial data is incredibly challenging due to the non-stationarity problem. Essentially, the measurement metric in finance — whether that be the share price or any number of valuation ratios — fluctuate temporally and contextually. For example, it wouldn't make much sense to compare a high-flying tech company's current valuation to what it was valued at several years ago. Much time has passed and along with it, the context of the business and the underlying industry. To extract usable probabilities — the conditional variety as opposed to the derivative — one must impose stationarity on the target dataset. That's the number one reason why I've been harping on market breadth or sequences of accumulative and distributive sessions. Market breadth is a representation of demand and demand is a binary construct: it's either happening or it's not. Plus, demand is a first-order principle: it cannot be mathematically reduced. Therefore, not only does this metric carry inherent meaning, demand profiles are categorizable and quantifiable, which facilitates probabilistic analysis. Quantitatively, BILI stock in the past two months printed a 6-4-U sequence: six up weeks, four down weeks, with a net positive trajectory across the 10-week period. Notably, in 62.3% of cases, the following week's price action results in upside, with a median return of 4.71%. Last week, BILI stock closed the books at $19.74. If the implications of the 6-4-U sequence pan out as projected, the security could hit $20.67 quickly, perhaps in a week or two. Should the bulls maintain control of the market, past analogs imply that they could push BILI toward the $21 level. With the market intelligence above, those who want to speculate on Bilibili may consider the 20/21 bull call spread expiring July 18. This transaction involves buying the $20 call and simultaneously selling the $21 call, for a net debit paid of $45 (the most that can be lost in the trade). Should BILI stock rise through the short strike price at expiration, the maximum reward is $55, a payout of over 122%. Primarily, what makes this trade so attractive is the implied shift in sentiment regime. As a baseline, the chance that a long position will be profitable in BILI stock on any given week is only 50%, a coin toss. However, the statistical response to the 6-4-U sequence pushes the odds in favor of the bullish trader. Finally, the above call spread features about four weeks for the optimistic thesis to work its magic. Even with using past analogs, forecasting for both time and magnitude is an extremely difficult business. Thus, the extra theta gives debit spread buyers a potentially confidence-inspiring cushion. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

Dollar stumbles as optimism from fragile Israel-Iran truce lingers
Dollar stumbles as optimism from fragile Israel-Iran truce lingers

Yahoo

timean hour ago

  • Yahoo

Dollar stumbles as optimism from fragile Israel-Iran truce lingers

By Rae Wee SINGAPORE (Reuters) -The dollar struggled to regain lost ground on Wednesday as investors who have been starved of good news latched onto optimism over a fragile truce between Israel and Iran as a reason to take on more risk. Markets were jubilant and an index of global shares hit a record high overnight as a shaky ceasefire brokered by U.S. President Donald Trump took hold between Iran and Israel. The two nations signalled that the air war between them had ended, at least for now, after Trump publicly scolded them for violating a ceasefire he announced. Investors heavily sold the dollar in the wake of the news, after pouring into the safe-haven currency during the 12 days of war between Israel and Iran that also saw the U.S. attack Iran's uranium-enrichment facilities. Currency moves were more subdued in early Asia trade on Wednesday though the euro remained perched near its highest since October 2021 at $1.1621, having hit that milestone in the previous session. Sterling eased 0.02% to $1.3615 but was similarly not far from Tuesday's peak of $1.3648, which marked its strongest level since January 2022. The risk-sensitive Australian dollar, which rallied sharply in the previous session, last traded 0.02% higher at $0.6492. While the truce between Israel and Iran appeared fragile, investors for now seemed to welcome any reprieve. "The market is complacent about some of the downside risks," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "The thing I get is this issue is not over, which means it could come back to be a driver of commodity prices and currency markets again." In other currencies, the New Zealand dollar rose 0.13% to $0.6015, while the yen steadied at 144.96 per dollar. Some Bank of Japan policymakers called for keeping interest rates steady for the time being due to uncertainty over the impact of U.S. tariffs on Japan's economy, a summary of opinions at the bank's June policy meeting showed on Wednesday. The Swiss franc, which scaled a 10-1/2-year high on Tuesday, steadied at 0.8049 per dollar. Against a basket of currencies, the dollar eased slightly to 97.91. While Federal Reserve Chair Jerome Powell stuck to his cautious approach and reiterated that the central bank was in no rush to ease rates at his semi-annual testimony to Congress on Tuesday, markets continue to price in a roughly 18% chance that the Fed could cut in July, according to the CME FedWatch tool. "We think economic growth is slowing and the improvement in services and shelter inflation will push back against tariff rises, allowing cuts to resume in September," ANZ analysts said in a note. A raft of weaker-than-expected U.S. economic data in recent weeks have bolstered expectations of Fed cuts this year, with futures pointing to nearly 60 basis points worth of easing by December. Data on Tuesday showed U.S. consumer confidence unexpectedly deteriorated in June as households grew increasingly worried about job availability, another indication that labour market conditions were softening. The two-year U.S. Treasury yield, which typically reflects near-term rate expectations, fell to a 1-1/2-month low of 3.7870% on Wednesday. The benchmark 10-year yield was little changed at 4.3043%. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

CNBC Daily Open: Investors bet the fragile ceasefire would hold
CNBC Daily Open: Investors bet the fragile ceasefire would hold

CNBC

timean hour ago

  • CNBC

CNBC Daily Open: Investors bet the fragile ceasefire would hold

The ceasefire between Israel and Iran appears to be holding. In yesterday's newsletter, we talked about how a blitzkrieg of missile-led diplomacy seemed to help de-escalate tensions. The flipside of that strange path to a truce is that missiles, well, are fundamentally weapons. Mere hours after both countries agreed to the ceasefire, Israel said its longtime rival had fired missiles into its borders — an accusation which Tehran denied — and was preparing to "respond forcefully." Probably with more missiles. U.S. President Donald Trump — who reportedly brokered the ceasefire with Qatar's Emir Sheikh Tamim bin Hamad Al Thani — expressed frustration with those developments. "I'm not happy with them. I'm not happy with Iran either but I'm really unhappy if Israel is going out this morning," Trump told a reporter pool en route to the NATO summit in the Netherlands. His admonishments seemed to work. There is now a fragile armistice between the two countries. Oil prices fell and U.S. stocks jumped. Reuters uploaded a photo of Israeli residents playing frisbee at the beach on June 24. Flights at Israel's Ben Gurion Airport are resuming, and Iran's airspace is partially open, according to flight monitoring firm FlightRadar24, CNBC reported at around 3 a.m. Singapore time. Three hours after that update, NBC News, citing three people familiar with the matter, reported that an initial assessment from the U.S. Defense Intelligence Agency found the American strikes on Iran's nuclear sites on Saturday left "core pieces … still intact." And so it goes. Israel-Iran ceasefire holds, for nowThe fragile ceasefire between Israel and Iran, announced by Trump on Monday, appears to be holding. Israel on Tuesday said it would honor the ceasefire so long as Iran does the same. Earlier in the day, both countries accused each other of violating the truce, and said they were ready to retaliate, prompting Trump to say he's "not happy" with them. Stay updated on the Israel-Iran conflict with CNBC's live blog here. Markets jump as traders bet on truceU.S. stocks jumped Tuesday on expectations that the Israel-Iran ceasefire would hold. The S&P 500 gained 1.11% to put it just 0.9% away from its 52-week high. The Dow Jones Industrial Average added 1.19% and the Nasdaq Composite climbed 1.43%. The Nasdaq-100 rose 1.53% to close at an all-time high. Europe's Stoxx 600 rose 1.11%. Travel stocks were some of the best performers, while oil and gas stocks fell the most. Oil prices slump for a second dayOil prices tumbled Tuesday, its second day of declines, as the market bet that the risk of a major supply disruption had faded. U.S. crude oil settled down 6% at $64.37 a barrel while the global benchmark Brent fell 6.1%, to $67.14 during U.S. trading. Prices closed 7% lower on Monday. Earlier Tuesday, Trump said China can keep buying oil from Iran, in what seemed like a sign that the U.S. may soften its pressure campaign against Tehran. Powell says Fed is 'well positioned to wait'At a U.S. congressional hearing Tuesday, Federal Reserve Chair Jerome Powell said the economy was still strong. But he noted that inflation is still above the central bank's target of 2%, and the Fed has an "obligation" to prevent tariffs from becoming "an ongoing inflation problem." In combination, those considerationsmake the Fed "well positioned to wait" before making a decision on interest rates. U.S. is committed to NATO: Secretary-GeneralThere is "total commitment by the U.S. president and the U.S. senior leadership to NATO," the military alliance's Secretary-General Mark Rutte said Tuesday morning, as the summit kicked off in The Hague, Netherlands. But America expects Europe and Canada to spend as much as the U.S. does on defense. Ahead of the summit, members agreed to increase defense spending to 5% of gross domestic product by 2035. [PRO] Not 'bullish enough' on rally: HSBCThe S&P 500′s rally off its April lows has brought it back to roughly 1% off its record high in a very short time. It's an advance that has perplexed many investors, who worry that another pullback is on the horizon. But Max Kettner, chief multi-asset strategist at HSBC, said he worries he's not "bullish enough" on the current rally. Strait of Hormuz GPS jamming remains major security issue, tanker CEO says Despite a tentative ceasefire between Israel and Iran on Tuesday, security issues in the Strait of Hormuz continue for shipowners. According to Angeliki Frangou, a fourth-generation shipowner and chairman and CEO of Greece-based Navios Maritime Partners, which owns and operates dry cargo ships and tankers, vessels in the Strait of Hormuz are still being threatened by continuous GPS signal blocking. "We have had about 20% less passage of vessels through the Strait of Hormuz, and vessels are waiting outside," Frangou told CNBC. "You are hearing a lot from the liner [ocean shipping] companies that they are transiting only during daytime because of the jamming of GPS signals of vessels. They don't want to pass during the nighttime because they find it dangerous. So it's a very fluid situation," Frangou said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store