I24News reveals decline in financial markets, currencies in Israel, worldwide

OCCUPIED PALESTINE, April 28 (YPA) – The Zionist “i24News” website, revealed a decline in financial markets and currencies in Israel and worldwide amid escalating tensions between Israel and Iran, following reports of a possible Israeli response to the Iranian missile attack.

The website stated, “Tel Aviv Stock Exchange, the main indices fell 1.2% after an initial rise of 1.5%, and the Israeli currency, the Shekel, fluctuated as it initially rose at the opening of the foreign currency trading week, but later declined, trading at 3.75 against the US dollar and 3.99 against the Euro.”

It noted that the Iranian attack led to an increase in the inflation rate in Israel to 2.7%, indicating a potential rise in prices of goods and services soon.

It further added, “The attack also led to an increase in the inflation rate in the United States to 3.5%. Despite some experts’ expectations of long-term improvement, markets remain affected by political tensions and concerns of escalation of the conflict between Israel and Iran, making them watch the events’ developments with anxiety and anticipation.”

E.M