Israeli military intercepts missile launched from Yemen
During the Asian trade on Monday, the Israeli military stated a missile had been launched from Yemen towards Israeli territory, which has been intercepted by its aerial defense systems, The Guardian reported. Air raid sirens sound in Tel Aviv, following the attack from Yemen. The retaliatory attacks from Yemen, whose military force, the Houthis, are backed by Iran, reflect that conflicts in the Middle East have started again.
Earlier in the day, Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel.
Market reaction
No major action seen in the US Dollar (USD) following headlines from Israel; however, the US Dollar Index (DXY) trades firmly near 100.00 as of writing, the highest level seen in two months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI investment and consumer spending drive growth! UK Q3 GDP growth rate hits highest in two and a half years
As the widespread adoption of artificial intelligence (AI) continues to drive growth in corporate and consumer spending, and the economy demonstrates resilience in the face of an energy shock caused by the Iran war, the UK economy has achieved its fastest growth rate in two and a half years.

MSCI drops Strategy, Bitcoin eyes $70,000 as ETF outflows hit $300 million

AI servers + iPhone Duo dual engines drive, Foxconn Q3 net profit surges 34%, exceeding expectations
The financial report shows that Hon Hai's net profit for the third quarter reached TWD 77.5 billion, exceeding expectations, while revenue hit a record high of TWD 3.03 trillion. AI servers have become the primary growth engine, with the goal of capturing 50% of the global market share within two years and raising the gross margin to 10%. iPhone Duo sales are expected to reach up to 16 million units. Hon Hai Chairman Liu Yangwei stated that the shortage of memory chips and components will continue until 2027, and the performance forecasts for the company's four major product categories have been raised.
Applied Materials (AMAT): Can Earnings Extend a 24% Rebound?
