A post by @FirstSquawk on X.

Israeli President Isaac Herzog will announce on Sunday which candidate he will task with forming the country's next government. The decision follows consultations with party leaders after the recent election, and will determine whether Prime Minister Benjamin Netanyahu or an alternative candidate gets the first shot at assembling a coalition. The move marks the formal start of coalition negotiations, which will test whether any bloc can command a 61-seat majority in the Knesset. Investors will watch for the identity of the mandate holder and the pace of coalition talks, since a prolonged deadlock could trigger another election.