Israeli Teenagers

Israel: The OF THE DAY shows Israeli securities have gained even as volatility in risk gauges, including credit-default swaps, has increased amid a surge in violence since the kidnap and murder of three Israeli teenagers and the suspected revenge killing of a Palestinian youth last month, according to Business Week. More than 700 Palestinians, including hundreds of civilians, and at least 32 Israeli soldiers have been killed in the fighting, which intensified last week when Israel added to its air bombardment by sending troops into Gaza. U.S. Secretary of State John Kerry was due in Israel in pursuit of truce negotiations in which Egypt, the traditional mediator of Gaza conflicts, has also been involved and The shekel is approaching a three-year high and bond yields are at a record low as investors bet the latest fighting in Gaza will fail to put a dent in Israels economic growth. Most of Israels economy continues to operate and investors understand that this unfortunate situation cant do much to deter growth, Tal Zohar Avda, the Tel Aviv-based chief executive officer of Israel, a currency trading house, said by phone yesterday. (news.financializer.com). As reported in the news.