Horton said that the new Israel-Hamas peace deal may be an effort by President Donald Trump to help Israeli Prime Minister Benjamin Netanyahu, who is "not really getting anywhere" on his objective of destroying Hamas.
The share market opened on a cautious note on Friday as the Israel-Hamas peace deal talks began taking shape with U.S. President Donald Trump's 20-point Gaza Peace Plan.
Trump has dispatched his son-in-law Jared Kushner and top Middle East negotiator Steve Witkoff to Cairo to lead US efforts, while Israeli Prime Minister Benjamin Netanyahu confirmed that a delegation from Israel is also heading to Egypt "to finalise technical details."