Markets reflect optimism regarding Iranian de-escalation

ISRAEL - Report 28 Oct 2024 by Jonathan Katz

1. Likely de-escalation vis-à-vis Iran supported markets on Sunday.

2. Markets will react to the 2025 fiscal framework to be decided upon towards the end of the week, which may be disappointing.

3. Rapid monetary growth on the back of fiscal expansion poses an inflationary threat.

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