Stocks tumble at opening – Globes

Stahlman

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The opening of investing on the Tel Aviv Inventory Exchange was delayed by a couple of minutes this morning since of volatility in the share costs of Opko Overall health and Liveperson in the pre-opening phase. The two ended up among several dual-shown stocks that opened with large negative arbitrage gaps right after the falls in New York on Friday. Opko Health and fitness had a destructive arbitrage hole of 9.9% Liveperson 13% Nova 4.5% Kenon 3.7% and Ormat 3.1%. The weighted arbitrage gap for Tel Aviv 35 Index shares was 1.3%.

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The leading indices have fallen sharply this early morning. The Tel Aviv 35 Index is down 3.25% the Tel Aviv 125 Index is down 3.37% and the BlueTech Global Index is down 2.90%. All the major stocks are down sharply: Bank Leumi is down 3.76% Mizrahi Tefahot Bank is down 4.14% Delek Team is down 3.17% Low cost Financial institution is down 4.29% and Financial institution Hapoalim is down 3.51%.

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Previous 7 days, the Tel Aviv 35 Index fell .8%.

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The shekel weakened drastically versus the US greenback on Friday. The representative shekel-dollar price was set 1.11% higher, at NIS 3.3750/$. Towards the euro, the shekel strengthened very a little bit, and the consultant fee was set .03% lower, at NIS 3.5827/€.

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In the US, Shopper Price Index figures released on Friday confirmed once-a-year inflation operating at 8.6%, the optimum fee recorded considering that December 1981. The US Federal Reserve is owing to announce an fascination amount selection on Wednesday. Most analysts assume a rate hike of 50 basis factors, but Jefferies and Barclays are predicting a hike of 75 foundation factors pursuing the higher inflation determine for Could.

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US inventory indices fell sharply on Friday just after the inflation figures were unveiled. The S&P 500 shut off 2.91% the Dow Jones was off 2.73% and the Nasdaq 100 was off 3.56%.

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Printed by Globes, Israel organization information – en.globes.co.il – on June 12, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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