Global trading on Friday, June 29th, closed on a broadly positive note. Wall Street posted moderate gains with a stable trend, Europe closed with sharp increases, Asia showed mixed movements, and Israel stood out with a strong rally in its major indices. The Tel Aviv Stock Exchange responded to the global optimism with sweeping gains across most sectors and indices, accompanied by a high number of advancing stocks.

Here’s the full breakdown across regions, commodities, bonds, currencies, and an in-depth look at the Israeli market.

Wall Street: Investors Await Data – Market Maintains a Positive Trend

The major U.S. indices ended Friday’s session with moderate gains:

• Dow Jones rose by 1.00% to 43,819.27.
• Nasdaq climbed 0.52% to 20,273.46.
• S&P 500 advanced 0.52% to 6,173.07.

The VIX dropped by 1.63%, signaling lowered short-term volatility expectations. Meanwhile, long-term Treasury yields rose, indicating expectations of sustained tight monetary policy.

Europe: Strong Rally – Industry and Banking Sectors Drive Gains

Europe stood out with sharp rallies in its leading indices:

• Germany’s DAX gained 1.62%.
• France’s CAC 40 surged 1.78%.
• EURO STOXX 50 climbed 1.56%.
• UK’s FTSE 100 rose 0.72%.

The rally was supported by improved macro forecasts, robust labor data, and easing inflation pressures. The euro also strengthened by 0.21%, indicating renewed confidence in the Eurozone.

Asia: Mixed Sentiment – Japan Gains, Hong Kong Lags

Asian markets were mixed:

• Nikkei 225 (Japan) rose 0.53%.
• KOSPI (South Korea) added 0.48%.
• Hang Seng (Hong Kong) fell 0.31%.
• SENSEX (India) slipped 0.34%.

China continues to struggle with economic headwinds, while Japan’s exporters benefited from a weaker yen.

Commodities & Currencies: Gold Rises, Oil Slips

• Gold climbed 0.43% to $3,301.90.
• Crude Oil declined 0.29% to $65.33 per barrel.
• Natural Gas dropped 1.79%.

In the currency markets, the U.S. dollar weakened against most peers. The euro and Australian dollar edged higher, while the yen also strengthened.

U.S. Bonds: Yields Climb Sharply – Optimism or Rate Pressure?

• 10-Year Yield – 4.283% (+0.71%)
• 30-Year Yield – 4.845% (+0.60%)
• 5-Year Yield – 3.828% (+0.76%)
• 2-Year Futures – fell to 3.7760% (-1.15%)

The widening gap between short and long-term yields may suggest market expectations for long-term inflation or rate pressure.

Tel Aviv Stands Out: Broad-Based Gains and Strong Sentiment

The Tel Aviv Stock Exchange surged on Friday, showing confidence across the board:

• TA-35: rose 1.50% to 2,948.24, with 29 stocks up, 6 down.
• TA-125: up 2.03% to 3,012.44, with 109 gainers, 15 decliners.
• TA-90: jumped 3.59% to 3,255.32, with 80 up, 9 down.
• TA-Growth: added 1.02% to 2,262.26, with 137 rising stocks vs. 51 falling.
• Global Biotech Index: climbed 1.26% to 521.94, reflecting continued interest in life sciences and tech.

The rally was driven by biotech, industrial, and tech stocks, as local investors responded to global market strength and improving sentiment.

Summary and outlook for the rest of the week

The new trading week opens with positive momentum from global markets. High bond yields increased demand for industrial and innovation stocks and the Tel Aviv rebound create a supportive environment for continued moderate gains. However, traders will continue to follow closely employment data in the US inflation indicators in Europe and developments in the Chinese markets

Investors are advised to remain balanced and combine selective exposure to strong sectors with disciplined risk management.