From Israel's Globes business newspaper, June 15:
TASE EVP explains why the market is risingAs the Tel Aviv Stock Exchange unexpectedly gains, Yaniv Pagot tells "Globes" why investors see favorable conditions ahead
Most unexpectedly, despite the numerous missile barrages launched by Iran towards Israel and the damage to lives and property, the Tel Aviv Stock Exchange (TASE) leading indices closed today with healthy gains of nearly 0.5%. The market opened the trading day with declines of over 1.5% in the leading indices, and over 2.5% in the banking indices, before swinging to gains of over 1%, but falling back to just under 0.5% before closing.
TASE EVP head of trading, indices and derivatives Yaniv Pagot says Israel's latest military moves are a decisive step for the better: "Anyone who has lived in the State of Israel for the past 30 years knows the words the Iranian threat, and the Iranian nuclear program, which has been a kind of cancerous growth on the Israeli economy, on the horizon of the State of Israel, and we lived with this growth for all these years. The rating agencies have also talked about the Iranian threat all the time. On Thursday and Friday, Israel decided that this growth needed to be cut out. As absurd as it may sound, if Israel's geopolitical risk premium was a certain rating - today it is lower."
Pagot stresses that despite the moral difficulty of speaking in economic terms at a time like this, professional analysis is important: "It is difficult to speak in terms of a risk premium while people are dying here, and it is difficult to know what else is expected, but there are people whose job it is to look at this from a rational, cold, numerical perspective."....
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Also at Globes June 15:
Israel’s Consumer Price Index fell 0.3% in May 2025 according to figures released by the Central Bureau of Statistics today, below the analysts' expectations.