Israeli Consumer Confidence (Dec) -18.07 vs. Exp. -15.2 (Prev. -15.48)
The December Israeli Consumer Confidence reading came in lower than expected, signaling a decline in consumer sentiment.
HSBC (HSBA LN) is reportedly considering the sale of its Singaporean insurance business, according to sources
SLB (SLB) is poised to reap gains from Trump’s plan to leverage Venezuelan oil, is in position to win some of the first contracts under plan to revive Venezuela’s ailing oil industry, FT reports
Israeli Consumer Confidence (Dec) -18.07 vs. Exp. -15.2 (Prev. -15.48)
China's State Administration for Market Regulation has commenced an investigation on Trip.com (TCOM) under anti-monopoly laws of PRC; Trip says it is cooperating, business operations remain normal
Russian Foreign Minister Lavrov says, regarding reports that US ambassadors could visit Moscow, says President Putin is willing to have serious talks. Discussion of a Ukraine ceasefire is not serious.
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This unexpected weakness could indicate challenges in domestic consumption and may have implications for monetary policy, as weaker confidence often correlates with slower economic growth. Market players will likely scrutinize this data for its potential ripple effects on the shekel and related assets, including commodities.
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