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The U.S. House of Representatives will vote next week on a bill to permanently implement daylight saving time.Democratic Republic of Congo: The number of confirmed Ebola cases has risen to 1,792, with 625 deaths.July 10 – According to Sputnik News Agency, Russian Foreign Minister Sergey Lavrov stated at a press conference that Russia no longer believes the West is willing to negotiate on the Ukraine issue. Lavrov said, “We no longer believe the West is willing to resolve the issue through negotiations. Our previous goodwill and hope have been completely exhausted.” Lavrov added, “We have outlined our assessment of the current situation in Ukraine, including the actions of the West. While pretending to be prepared for negotiations, as the European side has already announced, the West has turned around and publicly issued an ultimatum to Russia.”On July 10th, U.S. Commerce Secretary Rutnick called on Samsung Electronics and SK Hynix to increase their memory chip production in the United States to help alleviate the global shortage of key components for artificial intelligence development. Rutnick confirmed that he is in talks with the two South Korean memory chip manufacturers but did not disclose specific details. He acknowledged that Micron CEO Mehrotra might not welcome competitors expanding their presence in the U.S., but Rutnick stated that this move is necessary to strengthen the U.S. chip supply chain. "You know, he (Mehrotra) wont like this, but I want to bring his competitors—Samsung and SK Hynix—to the U.S. to set up factories," Rutnick said. "Micron is currently in the lead. Other companies are bound to be envious, right? So they have to follow suit."Foreign central banks held -$28.605 billion in U.S. Treasury securities in the week ending July 3, compared with -$11.064 billion in the previous week.

At market close, Israeli stocks are up; the TA 35 is up 1.09 percent

Aria Thomas

Jul 11, 2022 10:58

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Following Sunday's closing bell, the Biomed, Oil & Gas, and Banking sectors contributed to a surge in Israel's stock market.


At the close of trading in Tel Aviv, the TA 35 rose 1.09 percent.


Maytronics (TASE:MTRN) had the best performance on the TA 35 throughout the session, increasing 3.91 percent or 184.00 points to end at 4,890.00. Bank Hapoalim (TASE:POLI) climbed 2.92 percent, or 87.00 points, to end trading at 3,065.00, while Strauss Group (TASE:STRUS) gained 2.58 percent, or 228.0 points, to 9,050.00.


Bezeq Israeli Telecommunication Corp Ltd (TASE:BEZQ) ended the day with the lowest performance, down 1.88 percent, or 10.20 points, to 532.80. Teva Pharmaceutical Industries Ltd (TASE:TEVA) finished at 2,615.00, down 0.30 percent, or 8.00 points, whilst Shapir Engineering Industry (TASE:SPEN) closed at 2,885.00, down 0.14 percent, or 4.00 points.


On the Tel Aviv Stock Exchange, advancing stocks outnumbered declining ones by a ratio of 346 to 144, with 34 stocks closing unchanged.


The price per barrel of crude oil for delivery in August increased 2.01%, or $2.07, to $104.80. Brent oil for September delivery jumped 2.39 percent, or 2.50 cents, to $107.15 per barrel, while the August Gold Futures contract increased 0.07 percent, or 1.20 cents, to $1,740.90 per troy ounce.


The USD/ILS exchange rate decreased 0.21 percent to 3.46, while the EUR/ILS exchange rate stayed unchanged at 3.53.


US Dollar Index Futures were 0.25 percent down at 106.69.


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