Israeli bonds, shekel fall as election leaves Netanyahu and others far short of majorities
Source: CNBC ·
Exit polls show Prime Minister Benjamin Netanyahu's alliance and Gadi Eisenkot's opposition bloc both well off the numbers needed to form a governing majority.
From the source
Israeli assets sold off Wednesday as the country's election produced no clear winner. Partial results showed Prime Minister Benjamin Netanyahu's bloc likely to win 56 seats and challenger Gadi Eisenkot's to win 48 in the 120-seat Knesset, with over 66% of ballots counted. Arab-led parties, which belong to neither camp, were projected at 16 seats. Eisenkot, a former military chief of staff, earlier in the day had declared victory and said the preliminary result — which had his bloc slightly ahead — should give him the first right to try to form a government. "The initial exit poll results indicate a complete lack of confidence in Netanyahu and his October 7 government," he said in a statement on X . Exit polls are not the official results, which are published on Nov. 4. Around 77.7% of eligible voters turned out to cast their ballots, the highest in a Knesset election in 27 years , according to the Central Elections Committee. The Israeli shekel fell 1% against the U.S. dollar while…