Export Growth Buoys Equities

The Tel Aviv-100 Index (TA-100) still has upward momentum, although with its trend channel narrowing at around 930, some form of break-out is inevitable over the coming months. Based on Israel's macroeconomic fundamentals, we are tempted to err on the bullish side, although the index remains heavily influenced by developments on global markets, most notably the Nasdaq.

To read the full article, please choose one of the following options: