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World Economic Forum (via Public) / Shared Future: Government and Business Leaders Release Guidance for Strengthening Global Cooperation


Increase global resilience
Having leaders articulate the importance of working with one another - at a moment that so clearly calls for greater unity but lacks it - can serve as a vital step in rechannelling momentum in the right direction, said
Børge
Brende, President of the World Economic Forum. The direction we need to head is toward greater dialogue, coordination and collective action. Only in this way can we shape a more equitable and sustainable recovery and increase our future resilience.
Members of the Global Action Group
Mohammed Alardhi, Executive Chairman, Investcorp Holding
John R. Allen, President, The Brookings Institution ....

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Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM


Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM
Farah Elbahrawy, Bloomberg News
A visitor passes a stock price indicator board in the lobby of the Tel Aviv Stock Exchange Ltd. (TASE) in Tel Aviv, Israel, on Monday, Sept. 2, 2019. Embattled Israeli Prime Minister Benjamin Netanyahu, running in an election that could be the fight of his political life, said he hopes to annex all Jewish West Bank settlements. Photographer: Kobi Wolf/Bloomberg
, Bloomberg
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
The country’s TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday. ....

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Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM


Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM
Dec 28 2020, 9:34 AM
December 27 2020, 3:13 PM
December 28 2020, 9:34 AM
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
The country’s TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday.
Elsewhere, gauges in Saudi Arabia, Bahrain, Oman and Qatar rose, with Brent crude staying above $50 a barrel in the past two weeks. ....

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Israeli shekel surges to 12-year high on USD, even as elections, lockdown loom


Kobby Levi, the head of markets strategy at Bank Leumi Le-Israel Ltd. (Kfir Sivan)
“The dollar has corrected slightly in recent hours, and at the same time futures on major US stock indices and major European stock exchanges have risen,” he said in an emailed statement.
The US also approved a $900 billion emergency package this week, while Democrats said they will push for more aid, once President-elect Joe Biden takes office on January 20.
“This raises expectations for further fiscal expansion,” Levi said, which, if approved, is expected to support a further weakening of the dollar.
Beyond that, Levi said, trading is traditionally volatile at the end of the year as large local companies make currency adjustments. ....

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