Faraday Future (FFIE.O) opened down more than 5%.

Egypt said it expected to release 11 Israeli hostages on Monday and was negotiating the release of 33 Palestinians.

Egypt said the two-day extension of the ceasefire would include the release of 20 Israeli hostages and 60 detained Palestinians.

Market news: Tesla (TSLA.O) is suing the Swedish government and the country’s postal service. Previously, the strike spread to the postal department, and the union had blocked the delivery of Tesla license plates.

Governor of the Bank of Israel: The early stages of the conflict had a clear negative impact on the economy and led to increased spending in the national budget.

Bank of Israel Governor: Israel’s economy is strong and stable. It has known how to recover from many difficult times and quickly return to prosperity.

Bank of Israel: The deficit is expected to account for 3.7% of GDP in 2023 and 5% in 2024.

Bank of Israel: Staff forecast that Israeli inflation will be 2.4% over the next year (previous forecast was 2.9%).

Bank of Israel: Staff predict that the benchmark interest rate will be 3.75%-4.0% in one year (previous forecast was 4.0%-4.25%).

Bank of Israel: Staff forecast that Israel’s economic growth will be 2.0% in 2023 (previous forecast was 2.3%); the economy is expected to grow by 2.0% in 2024 (previous forecast was 2.8%).

European Central Bank President Lagarde: Consider ways to further promote green corporate bond holdings.

European Central Bank President Lagarde: There remains considerable uncertainty about the medium-term outlook for inflation.

European Central Bank President Lagarde: We expect inflationary pressures to continue to weaken.

European Central Bank President Lagarde: Wage pressure remains strong.

European Central Bank President Lagarde: We need to continue to pay attention to the different forces affecting inflation and remain firmly focused on our price stability goals.

European Central Bank President Lagarde: There are some signs that employment growth may lose momentum at the end of the year.

European Central Bank President Lagarde: Now is not the time to declare victory.