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Israel's Herzog accepts vote results, opens talks on forming a government

Rows of wooden chairs with cane backs and leather desks in a legislative chamber
Photo by Hansjörg Keller on Unsplash

Israeli President Isaac Herzog has accepted the results of the vote and opened talks on forming a government. The move is a setback for Netanyahu's efforts to discredit the elections. In the vote, Netanyahu and his allies lost their majority.

📊 What it means for markets

Political developments like this usually have limited direct effect on global markets. Coalition uncertainty in Israel may weigh on the shekel and Israeli stocks, while gold, oil, USD, EUR and crypto are often little affected.

Source: Al Jazeera

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