Ceasefire Pricing: Tel Aviv 35 up 1.5%, Banks up 2.5%

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The defense stock index jumped 2.5% • The shekel strengthened by about 1% to 3.135 shekels • Trading was conducted against the backdrop of Trump's ultimatum to Iran and reports of little chance of reaching an agreement in the next two days • Goldman Sachs: Gold will return to $5,400 per ounce by the end of the year • Wall Street strategists: Markets are starting to look positively beyond the war