Tel Aviv stocks soar as investors react to US strikes on Iran's nuclear sites
The broad Tel Aviv 125 index (.TA125), was recorded at 1.3% higher rate, while the blue-chip TA-35 (.TA35), was 1.2% higher in afternoon trading.
Against the backdrop of Israel launching strikes across Iran since Jun 13, 2025, the country's shares rose during all five sessions last week, triggering a gain of 6%.
After the US struck Iran in the early hours of today, US President Donald Trump stated that he had "obliterated" Iran's main nuclear sites in the overnight strikes with massive bunker-busting bombs.
"The destruction of Iran's key nuclear facilities by the U.S. military is, of course, a positive development ... in terms of improving the regional security environment and reducing Iran's military and nuclear capabilities," said Ronen Menachem, Mizrahi Tefahot chief markets economist. 'It's a game-changer.'
'Looking at the medium- to long-term — which is relevant for many strategic investors — this could represent a genuine opportunity, possibly related to the prospect of closer ties between the Saudi and American axis,' Menachem said.
For more than a week, local markets have aligned with Israel's actions in Iran. Government bond prices have soared, the shekel has appreciated, and Israel's risk premium has fallen low, said the report.
As a counter to the US stepping into the conflict, Tehran defended itself and retaliated with a streak of missiles on Sunday, aimed at Israel, that wounded people and destroyed several buildings across Tel Aviv.
Bond prices for today were up as much as 0.2%. The Israeli Shekel is closed for trade on Sunday, but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 minutes ago
- Economic Times
Kraken's Capitalise.ai deal: game-changing no-code AI trading or just more hype in crypto's AI race?
Kraken acquisition is shaping up to be one of the most important shifts in crypto trading this year. With the takeover of the Israeli no-code trading platform, Kraken is betting big on AI-powered automation for its Kraken Pro users. Kraken has acquired to bring no-code AI trading to Kraken Pro in 2025. The move aims to make strategy building as simple as typing plain English, opening advanced tools to everyday traders while giving pros faster automation. Tired of too many ads? Remove Ads What exactly does bring to Kraken Pro? Tired of too many ads? Remove Ads Why this acquisition matters for traders Lower barrier to entry : Coding knowledge is no longer required to build sophisticated trading systems. : Coding knowledge is no longer required to build sophisticated trading systems. Cross-asset opportunities : Strategies could eventually run across both crypto and traditional markets from a single interface. : Strategies could eventually run across both crypto and traditional markets from a single interface. Faster execution cycles : Backtesting and automation cut down the time from idea to execution. : Backtesting and automation cut down the time from idea to execution. Retail empowerment: Tools once reserved for quant funds are being democratized for individual traders. The wider race: crypto firms chasing AI Tired of too many ads? Remove Ads Chainalysis bought fraud-detection startup Alterya for around $150 million. bought fraud-detection startup Alterya for around $150 million. Tether and Rumble made a joint $1.17 billion bid for Germany's Northern Data, an AI and GPU infrastructure firm. made a joint $1.17 billion bid for Germany's Northern Data, an AI and GPU infrastructure firm. Coinbase opted for partnerships instead of ownership. What this means for the future of Kraken Pro Opportunity and risks FAQs: Kraken's acquisition signals bold AI bet for no-code trading, underscoring the exchange's push to make automation central to its growth strategy. By bringing natural-language technology into Kraken Pro, the platform is lowering the barrier for traders who want advanced strategies without writing a single line of move positions Kraken at the front of a new wave in crypto markets, where artificial intelligence is no longer just a back-office tool but a core feature for both retail investors and professionals, the deal could redefine how trading automation is built, tested, and the financial terms remain undisclosed, the deal fits squarely into Kraken's strategy of making advanced tools accessible to both retail and institutional its core,. Instead of coding complex algorithms, a trader could simply type: 'Buy Bitcoin if it drops below $58,000 and the RSI falls under 30.'The system then translates that into executable strategies, complete with backtesting and real-time technology isn't confined to crypto alone. has been used across, giving Kraken Pro the potential to position itself not just as a crypto exchange but as aThis is in line with Kraken's earlier $1.5 billion acquisition of NinjaTrader in March, which expanded its foothold in traditional move is more than just another crypto company buying an AI startup—it has direct implications for how traders interact with Kraken, this is a differentiator. Competitors like Coinbase have leaned toward AI partnerships (e.g., with Perplexity AI) rather than direct meanwhile, has focused more on product breadth than AI integration. Kraken is betting that hands-on AI capabilities will win over traders seeking automation without Kraken– deal doesn't exist in a vacuum. The broader industry is in an arms race for AI talent and choice to buy and directly integrate signals a more aggressive approach. Instead of renting AI capacity, Kraken is owning the tech stack and embedding it natively in its platform.A phased rollout of features is expected later this year. According to Kraken, the integration will allow both simple and advanced strategies to be designed, tested, and deployed directly within Kraken Pro. Co-founders Amir Shiovich and Shahar Rabin, along with engineering team, are set to join Kraken's product division to drive the the rollout meets expectations, Kraken Pro could move from being a crypto exchange to something closer to a quant-lite platform for everyday traders. The challenge will be execution—ensuring user experience doesn't become bloated with overly complex features, while also keeping institutional clients satisfied with robust everyday investors, Kraken's acquisition means access to smarter trading tools without needing to code. For professionals, it may become a bridge between crypto and traditional markets, all in one risks remain. Over-reliance on no-code strategies could encourage copy-paste trading and herd behavior. Regulatory scrutiny could also increase as AI-driven automation scales across if Kraken executes well, this acquisition could redefine the competitive landscape of crypto exchanges, giving it an edge in a market where differentiation is increasingly hard to gives Kraken Pro users no-code AI trading tools to create strategies without rollout begins later this year in phases.
Economic Times
10 minutes ago
- Economic Times
India needs $467 billion climate finance by 2030 to decarbonise 4 key sectors: Study
Reuters Representational image India will need to mobilise USD 467 billion in climate finance by 2030 to put four of its most carbon-intensive sectors -- power, steel, cement and transport -- on a low-carbon pathway, according to a new study. The working paper, "India's Climate Finance Requirements: An Assessment", authored by economists Janak Raj and Rakesh Mohan for the Centre for Social and Economic Progress (CSEP) and the Task Force on Climate, Development and the IMF, was released on Thursday. It departs from conventional top-down modelling approaches and instead uses a bottom-up methodology, estimating climate finance needs sector by sector to present what the authors described as a "granular understanding" of India's study found that decarbonising the four sectors, which together accounted for more than 50 per cent of the country's carbon dioxide emissions in 2023, would require an average of USD 54 billion a year between 2022 and 2030. This amounts to around 1.3 per cent of India's GDP. "Contrary to the common narrative, the study finds that it is not the power sector, but the steel and cement sectors which need large climate finance," Raj said. "Both the steel and cement are hard to abate sectors, which require the use of an expensive carbon capture and storage (CCS) technology, but it is the only feasible option at this stage," he report estimates that over 80 per cent of the USD 467 billion requirement will come from steel and cement alone. By contrast, decarbonising the power sector would need about USD 57 billion, significantly lower than prevailing assumptions, thanks to the declining capital costs of renewable transport sector will also demand significant investment, particularly in accelerating the transition from internal combustion engine vehicles to electric the report said, would require scaling up charging infrastructure, creating viable financing mechanisms and strengthening regulatory emphasised that while the numbers are substantial, they are achievable. "The incremental financial resources needed for climate change mitigation in India for four key emitting sectors -- energy transition, steel, cement and road transport -- at an annual average of 1.3 per cent of GDP up to 2030, are within reach," he said. "Contrary to most astronomical estimates that are done top down, this estimate has been derived on a bottom-up granular basis. It provides a basis for optimism on our financial capacity to tackle climate change," he study highlights a financing gap that will need to be bridged through both domestic and external sources. It said that India may have to prudently expand its current fiscal deficit up to 2.5 per cent of GDP to absorb external climate finance, but stresses the importance of complementing this with domestic the key policy recommendations are incentivising private investment in steel and cement through targeted subsidies, R&D support and international technology authors also called for a clear national framework to accelerate the adoption of electric vehicles and to strengthen the power grid for renewable integration by expanding battery storage and hydro-pump report argued that how India navigates this transition will be closely watched by other emerging and developing economies facing similar dilemmas. "The bottom line: Steel and cement are the financial linchpin in India's decarbonisation efforts. With a carefully calibrated economic strategy, India can navigate the dual challenge of sustaining rapid growth while tackling climate vulnerabilities, offering lessons for other developing economies confronting similar challenges in financing ambitious climate transitions," the paper read. The authors called for urgent action, given the long lead times associated with investments in heavy industry and energy report warned that delays in mobilising finance could lock India into high-emission pathways that are costly to reverse. Raj, who has previously worked with the Reserve Bank of India and the International Monetary Fund, and Mohan, a former Deputy Governor of the RBI and a member of the Prime Minister's Economic Advisory Council, said their findings aim to inform both domestic policymakers and the international community as India prepares for the UN climate conference (COP30) in Belem in Brazil in November this year.
NDTV
10 minutes ago
- NDTV
Moscow Interest in Joint Energy Projects With India, Says Russia's Foreign Minister
Moscow: Russia and India have achieved good results in energy cooperation and Moscow is interested in working on joint energy projects with New Delhi, Russian Foreign Minister Sergei Lavrov told his Indian counterpart in Moscow on Thursday. Moscow and New Delhi have talked up their "strategic partnership" since US President Donald Trump announced higher tariffs on imports from India earlier this month because of its purchases of Russian oil. "We have good results in cooperation in the hydrocarbon sector, in the supply of Russian oil to the Indian market. And we have a mutual interest in implementing joint projects for the extraction of energy resources, including in the Russian Federation - in the Far East and on the Arctic shelf," Lavrov said. He was talking at a joint news conference with Indian Foreign Minister Subrahmanyam Jaishankar in Moscow. Russia was able to divert its exports of oil, a significant source of state revenue, away from Europe and mainly to China and India after the West imposed sanctions on Moscow over its conflict in Ukraine. India and China are the biggest buyers of Russia's oil. Russian embassy officials in New Delhi said on Wednesday that Russia expected to continue supplying oil to India despite pressure from the United States, adding that Moscow hoped trilateral talks with India and China would soon take place.
