Morgan Stanley's economists found that credit spreads - the premium investors demand to hold an Israeli bond rather than an A-rated U.S. bond - did expand by 10-15 basis points in all those periods, but generally recovered within a month or two.
LONDON/JERUSALEM: Israeli-Palestinian conflicts rarely cause lasting damage to Israel's markets, history shows, because investors both direct and indirect appear more interested in a resilient economy - and one currently bulging with tech money.
Nights of rocket attacks by Israeli forces on Palestinian militants in the Gaza Strip and by the militants on Israeli towns, combined with a dip in global markets last week, did give Israel's shekel and stock market their worst week since March, but the falls have already been largely recouped.
Limited time offer:
Just RM5 per month.
