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Indeed, Black Friday: World stock markets are collapsing following the discovery of the new variant

European stock exchanges are trading in sharp price declines in the shadow of announcements about the discovery of the new variant, sharp declines are also expected on Wall Street, the dollar is strengthening

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• Wall Street

Sonia Gorodisky

Friday, 26 November 2021, 14:01 Updated: 14:12

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A collapse in world stock markets against the backdrop of the discovery of Corona's new strain.

European stock exchanges are trading in sharp price declines in the shadow of recent publications.

The Dex index in Frankfurt and the Potsy London index are currently falling close to 3%, and the CAC index in Paris is down 3.6% from its value.

The Asian stock markets also closed this morning with price declines: the Nikkei index in Tokyo fell 2.5%, the Hong Kong stock exchange closed down 2.6%, Shanghai by 0.5%.

More on Walla!

Israelis are flocking: the record that was violently broken on Black Friday

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In March 2020 it looks like this.

Probably also in the coming days (Photo: AP)

Trading in the US has not yet opened, but futures contracts on the leading Wall Street indices indicate a decline of more than 2% in the opening of trading. Recall that today there is no trading on the Tel Aviv Stock Exchange, and it will resume on Sunday. now trading sharp rise against the shekel at NIS 3.19, an increase of more than 1%.

the explanation rise in the dollar against the shekel is strong correlation between the recently formed dollar-shekel exchange rate and the stock exchanges of the world. when the world's stock markets are primarily US, foreign exchange exposure The institutional bodies in Israel are rising and in order to hedge it they are selling dollars against the shekel, vice versa - when the world stock exchanges record sharp declines, the dollar against the shekel rises. Since these are huge sums of billions of shekels, these hedges have a direct effect on the Israeli foreign exchange market .

Brent crude is down 5.8% at $ 77 a barrel.

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