Bloomberg: Israel's assets see worst June returns
June saw a significant decline in Israel's assets, with the Tel Aviv 35 Index dropping over 12% against the dollar, and the shekel depreciating about 5% against the dollar. This was driven by deteriorating outlooks regarding Israel's security and economic situation amid worsening negotiations between the United States and Iran, especially concerning Lebanon and Iran's influence in the region. This followed a recovery wave that began in November 2023, fueled by hopes of improved security conditions. However, recent diplomatic shifts have erased those gains and raised concerns among investors about the potential impact of a possible agreement between Washington and Tehran on Israel’s security and political interests.
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