FX Stable, Stocks Jump; Israel Markets Mixed after Post-Ceasefire Rally

January 16, 2025, 05.48 PM | Source: Reuters
FX Stable, Stocks Jump; Israel Markets Mixed after Post-Ceasefire Rally

ILUSTRASI. Electronic boards displaying market data is seen at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020. REUTERS/Amir Cohen

FOREX - An index tracking emerging market currencies held steady while stocks rallied on Thursday, as investors assessed the chances of U.S. interest rate cuts this year and gauged the impact of a ceasefire deal between Israel and Hamas.

Meanwhile, Israel's benchmark stock index opened at an all-time high, and was last up 0.2%, following a broad market rally on Wednesday after the ceasefire deal was announced, potentially ending the 15-month-old conflict that has rocked the region.

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