ISRAEL'S HERZOG TO DECIDE SUNDAY WHO WILL TRY TO FORM A GOVERNMENT

Israeli President Isaac Herzog is scheduled to decide on Sunday which lawmaker will be tasked with attempting to form a new government, a step that follows the inconclusive outcome of recent parliamentary consultations. The transmission channel for markets runs primarily through political risk premia and fiscal expectations: a prolonged coalition impasse can delay budget approval, raise the probability of snap elections, and widen the sovereign risk spread on Israeli government debt relative to peers. Israeli equities, particularly banks and domestic-facing consumer and real estate names listed on the Tel Aviv Stock Exchange, tend to be most sensitive to such shifts, while the shekel can weaken on capital-outflow concerns when uncertainty about policy continuity rises. Traders should watch the identity of the mandated candidate and the timeline set for coalition negotiations, as well as the subsequent movement in shekel forwards and five-year credit default swap levels.

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