The two-fold surge in trading in Palestine’s $3 billion stock market indicates investors are betting U.S. Secretary of State John Kerry will succeed in brokering a peace deal with Israel, the exchange chief said.
Isaac Herzog, the new leader of Israel’s parliamentary opposition, said Prime Minister Benjamin Netanyahu may not have what it takes to buck political pressure and sign a peace agreement with the Palestinians.
Israeli ground forces are poised to invade the Gaza Strip for the first time in almost four years amid efforts by Egypt and Turkey to help end exchanges of fire that have killed 96 Palestinians and three Israelis.
President Barack Obama arrived in the West Bank today to see firsthand if Palestinian leaders still angry over his rejection of their United Nations statehood bid can be persuaded to renew peace talks with Israel.
Palestinian Authority negotiator Nabil Shaath said Palestinians are giving the U.S. time to persuade Israel to resume a building freeze in West Bank settlements that they have said is critical to peace talks.