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The Omicron Panic: Red Screens in Tel Aviv and Around the World | Israel Today

2021-12-20T20:48:45.767Z


The leading indices in Tel Aviv have fallen by up to 1.7% • Fuel will drop dramatically following the fall in the price of oil


The stock exchanges in Israel and around the world are in free diving, against the background of the spread of the omicron and the growing fears of new restrictions.

The leading indices on the Tel Aviv Stock Exchange fell by up to 1.7%, while the shares of the various energy companies fell by about 4% and even more.

Shares of the Israel and Delek Company led declines.

El Al shares lost more than 6% during the trading day, due to the strict flight restrictions and the expected inclusion of other countries in the list of red countries, including the United States. The dollar strengthened slightly and traded at NIS 3.1.

The fall in energy stocks in the country corresponds with the fall in oil prices: Crude oil (WTI) has lost close to 5% of its price, to around $ 66 a barrel.

Brent crude, relevant to Israel and Europe, lost close to 3%.

This means that if the trend continues until the end of the month, fuel prices are expected to fall dramatically towards 2022.

The declines in Israel join the red screens on the European stock exchanges, where the trading week opened with declines of more than 1% in all the leading indices.

The German DAX was down 2%.

The number of European countries announcing new restrictions ahead of Christmas and the new civil year is growing.

In Asia, Hong Kong's Hang Seng lost about 2%, and Japan's Nikkei more than 2%.

In Shanghai, there was a decrease of about 1%.

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Source: israelhayom

All news articles on 2021-12-20

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