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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ISRAEL
Israeli President Isaac Herzog is on Sunday 13 Nov set to ask Likud Party leader Benjamin Netanyahu to seek to form a coalition gov't. Comes after the 1 November general election in which right-wing and Haredi orthodox parties supportive of the former prime minister's party won an overall majority of seats in the Israeli Knesset (parliament).
- After Netanyahu is given the mandate by the president he will have 28 days to form a majority coalition, with the option of a 14-day extension if required.
- The likely gov't is seen as being formed by Likud, the two Haredi parties Shas and United Torah Judaism, and the far-right Religious Zionist Party-Otzma Yehudit.
- There have been some calls from moderates in Israel for more centrist parties such as the National Unity Party or caretaker PM Yair Lapid's Yesh Atid to work with Netanyahu in order to keep RZP-OY out of power.
- On Wednesday, President Herzog - nominally an independent official with largely ceremonial duties that is expected to stay out of partisan politics - had comments picked up on a microphone when talking to Shas representatives. Herzog stated that in RZP-OY “you have a partner that the entire world is anxious about", referring to OY leader Itamar Ben-Gvir, who was criticised by the US for attending a memorial for the late ultranationalist rabbi Meir Kahane.
Chart 1. Israeli General Election Results, Seats
Source: CEC, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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