Israel missile attacks and ceasefire

What happened: On Wednesday, Israeli airstrikes on a highway south of Beirut resulted in a mass casualty event, with eight fatalities including two children, according to Lebanese national media. Meanwhile, Israel's Ben Gurion international airport fully reopened after 40 days of war disruptions, with airfares surging as travelers took advantage of the Iran ceasefire, although foreign airlines remained cautious.

Market impact: The conflict has driven a surge in airfares within Israel, benefiting local airlines, while foreign carriers stayed away due to safety concerns. The humanitarian crisis in Lebanon may impact regional tourism and trade, affecting businesses with exposure to these markets.

What to watch next: The evolution of the Israel-Lebanon ceasefire and any potential resumption of hostilities will significantly influence regional markets. Additionally, the reopening of Ben Gurion airport and the subsequent recovery of air travel in Israel will be crucial to monitor for airlines and related businesses.