Trading week in Tel Aviv will open in a positive note due to the close past weekend on Wall Street

Posted on Oct 5, 2019 by Ifi Reporter

Trading week will open against the backdrop of the positive close this past weekend on Wall Street, where the leading indices recorded a sharp rise of about 1.4%. The dual stocks return to Tel Aviv with a positive 1% arbitrage gap on the Maof and are expected to push the indices into green territory at the opening of trading.
Teva share returns to Tel Aviv with a positive arbitrage gap of 3.7%, Tower -0.2% returns with a positive gap of 3.2%, Perrigo -5.32% returns with a positive gap of 3.8%, ICL -1.21% with a positive gap of 1.1%, Nice + 1.69% with a positive gap of 2.4% and APAP -3.95% with a positive gap of 3.4%. In contrast, Energian + 1.18% returns with a negative gap of 3.4%.
In the background of U.S. increases, the September U.S. Employment Report presented a mixed picture over the weekend. On the one hand, the number of new jobs is disappointing, with a mere 136,000 jobs, with the average so far this year being an increase of 161,000 jobs per month. On the other hand, the unemployment rate fell to only 3.5% in the past month, the strongest figure since 1969.
The employment report came after a simple week after cutting the macro data. The ISM survey in the non-manufacturing sector showed a sharp decline to only 52.6 points, the weakest figure since August 2016, while at the same time mentioning that the ISM survey in the manufacturing sector indicated earlier this week A sharp fall over the past month to 47.8 points, the lowest level since June 2009. Combined with the 2 data, it can be argued with confidence that the US economy is expected to slow sharply in the coming months.


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