Oil price prospects: factors driving the surge and what lies ahead
The global oil market has been on a rollercoaster ride recently, with prices soaring to levels not seen since November of the previous year. As of now, a barrel of Brent oil is fetching $94.4, while the American benchmark, WTI, is priced at $91.3. This bullish trend...
Israel’s inflation hits 4.1%, as apartment prices weaken
Israel's consumer price index (CPI) exceeded expectations in August, registering a monthly increase of 0.5%, pushing the annual rate to 4.1%, according to data released by the Central Bureau of Statistics. These figures not only exceeded early market estimates but...
Israel awaits inflation data ahead of Rosh Hashanah celebrations
Israel anxiously anticipates the imminent release of inflation data set for tomorrow, with markets bracing for a potential rebound to around 4%, following a recent drop to 3.3% in July. Across the globe, a surprise setback was experienced in the United States...
The shekel’s uncertain future: analysing the prospects
The recent fluctuations in the exchange rate between the US dollar and the Israeli shekel have left financial markets and investors in a state of uncertainty. The shekel has been losing ground against the dollar for some time now, and this trend shows no sign of...
Israel’s budget deficit for the year surpasses its annual target in August, reaching 1.3% of GDP
Israel is facing an escalating fiscal challenge as its cumulative deficit over the past 12 months reached 1.3% of GDP in August. This marks an increase from the 1% deficit reported just a month ago. This is indicating that the actual deficit has surpassed the...
Market volatility: will dollar soar to NIS 3.90?
In a turbulent economic landscape, the Israeli shekel continues to weaken as the US dollar surges to new heights, crossing the 3.85 shekel mark. This marks a significant shift from the recent levels, and the trend shows no signs of abating. This depreciation of the...
Headlines
Oil price prospects: factors driving the surge and what lies ahead
The global oil market has been on a rollercoaster ride recently, with prices soaring to levels not seen since November of the previous year. As of now, a barrel of Brent oil is fetching $94.4, while the American benchmark, WTI, is priced at $91.3. This bullish trend...
Israel’s inflation hits 4.1%, as apartment prices weaken
Israel's consumer price index (CPI) exceeded expectations in August, registering a monthly increase of 0.5%, pushing the annual rate to 4.1%, according to data released by the Central Bureau of Statistics. These figures not only exceeded early market estimates but...
Israel awaits inflation data ahead of Rosh Hashanah celebrations
Israel anxiously anticipates the imminent release of inflation data set for tomorrow, with markets bracing for a potential rebound to around 4%, following a recent drop to 3.3% in July. Across the globe, a surprise setback was experienced in the United States...
The shekel’s uncertain future: analysing the prospects
The recent fluctuations in the exchange rate between the US dollar and the Israeli shekel have left financial markets and investors in a state of uncertainty. The shekel has been losing ground against the dollar for some time now, and this trend shows no sign of...
Israel’s budget deficit for the year surpasses its annual target in August, reaching 1.3% of GDP
Israel is facing an escalating fiscal challenge as its cumulative deficit over the past 12 months reached 1.3% of GDP in August. This marks an increase from the 1% deficit reported just a month ago. This is indicating that the actual deficit has surpassed the...
Market volatility: will dollar soar to NIS 3.90?
In a turbulent economic landscape, the Israeli shekel continues to weaken as the US dollar surges to new heights, crossing the 3.85 shekel mark. This marks a significant shift from the recent levels, and the trend shows no signs of abating. This depreciation of the...
Bank of Israel keeps interest rate steady amidst moderating inflation
The Bank of Israel has opted to maintain its benchmark interest rate at 4.75% for the second consecutive time, reinforcing market expectations and aligning with the consensus among leading economists. The decision comes after a series of consecutive rate hikes that...
Israel and Japan advance towards free trade agreement
Israel and Japan are making substantial progress towards a potential Free Trade Agreement (FTA), marking a significant milestone in international trade relations. After a hiatus of nearly a decade, negotiations were reignited in November 2022 and have gained momentum,...
Israel sees surge in gas royalties during first half of 2023
Natural gas royalties have risen dramatically in Israel, with the country raking in over NIS 1 billion ($263 million) through June. When compared to the same period a year ago, this number represents a tremendous 23% growth. The Ministry of Energy and Infrastructure...
Israel claims top spot in OECD’s cost of living index: government’s economic strategy under scrutiny
Last week, the Organization for Economic Co-operation and Development (OECD) unveiled its latest report on the cost of living across member countries. In an unexpected turn, Israel topped the table for 2022, unseating its counterparts. The assessment, which evaluates...
Israeli military tech companies thrive on soaring global demand
In a stunning display of Israel's prowess in military technology, the approval of IAI's Arrow 3 system's sale to Germany for a staggering $3.3 billion has sent shockwaves through international news outlets. To put this deal in perspective, the IAI's total sales for...
Israel approves increased gas exports to Egypt from Tamar reservoir
Energy and Infrastructure Minister Israel Katz has announced the approval of an increase in natural gas exports from Israel's Tamar reservoir to Egypt. The expansion will result in the addition of approximately 6 billion cubic meters (BCM) of natural gas per year...
Bank of Israel’s challenge: balancing devaluation, inflation, and uncertainty as shekel hits multi-year low
In a significant development, the Israeli shekel experienced a notable devaluation against the US dollar, breaching the NIS 3.80 threshold at the onset of this week's foreign exchange trading. Although the dollar initially surged to NIS 3.803 – a level reminiscent of...
Israel’s GDP growth beats Q2 estimate
Israel's economy continued to demonstrate resilience and growth in the second quarter of the year, with the Central Bureau of Statistics (CBS) revealing a solid GDP growth rate of 3%. This announcement, made on Wednesday, aligns closely with the Bank of Israel's...
Israel’s latest inflation reading shows unexpected drop in July 2023
Israel's latest inflation figures have taken both analysts and the market by surprise. The Central Bureau of Statistics announced on Tuesday that the Consumer Price Index (CPI) rose by a modest 0.3% in July 2023. Over the past twelve months, the index has increased by...
Shekel hits three-year lows against dollar amidst weakening trend
Despite yesterday's positive report from Fitch Ratings and its affirmation of Israel's credit rating, the shekel weakened against key foreign currencies in the last 24 hours, painting a picture of a fluctuating financial landscape. In today's trading session, the...
Fitch’s vote of confidence: Israel’s A+ credit rating remains unchanged
In a welcome development for Israel's economic landscape, Fitch Ratings, a prominent global credit rating agency, has reaffirmed the country's credit rating of A+. The decision was accompanied by a stable forecast, alleviating market concerns and prompting a sigh of...
CyberArk’s Q2 2023 results spark 12% stock rally
In a remarkable display of growth and innovation, cybersecurity firm CyberArk has revealed impressive financial results for the second quarter of 2023. The company's revenue rose by 24% to $175.8 million in the second quarter, beating expectations. As a result of the...
Check Point bolsters cybersecurity with $490 Million Perimeter 81 acquisition
In a significant move that highlights the growing importance of cybersecurity in the age of remote work and cloud computing, Israeli cybersecurity company Check Point (NASDAQ: CHKP) has announced the acquisition of Israeli start-up Perimeter 81 for $490 million. This...
Israel’s annual budget nears 1% deficit amidst revenue decline and rising expenditures
As Israel's financial landscape evolves, recent data from the Accountant General's office has revealed a significant shift in the country's fiscal dynamics. The news comes as the annual budget deficit approaches 1%, inching closer to the nation's yearly fiscal target....
Rising global tensions prompt European governments to embrace Israeli tech solutions
In response to escalating global tensions, Israeli defense companies Rafael and the Israel Aerospace Industries (IAI) are poised to expand their production lines for air defense systems. These expansions come as a result of significant deals struck with Germany and...
US mounting national debt sparks Fitch Ratings’ downgrade: causes & consequences
In a recent move that has left both Wall Street and Washington perturbed, Fitch Ratings downgraded the United States debt from AAA to AA+. However, this credit downgrade might merely be a glimpse into a much graver issue at hand - the mounting and spiraling national...
Shekel’s resilience: greenback loses 1.5% in just one day
The foreign exchange market has experienced another shift in direction as the shekel strengthened against main foreign currencies. On Tuesday, the dollar saw a decline of approximately 1.5% against the shekel, settling around 3.64 shekels. Similarly, the euro also...
Amazon Web Services Invests billions in Israel with new local cloud server farm
Amazon Web Services (AWS) has made a significant move in Israel's cloud computing industry by launching its cloud infrastructure. The company has set up three local server farms, marking a shift from its previous reliance on server farms abroad. This development...
S&P warns of economic slowdown and political confrontation in Israel amidst judicial reform impact
In a recent report, Standard & Poor's (S&P) issued a warning to Israel, expressing concerns about the potential consequences of the country's controversial judicial reform. The prominent credit agency believes that failure to reach an agreement between the...
Milk and honey reinvented: the Wilk and Bee-io Honey merger taking food tech to new heights
In a ground-breaking move, two innovative Israeli food tech companies have announced a merger, combining their expertise to advance in their respective fields. The two start-ups, Wilk and Bee-io Honey, are taking a giant leap forward as they specialize in developing...
Israel’s economy under pressure: judicial reform sparks uncertainty and credit downgrade worries
In a concerning turn of events for Israel's economy, Morgan Stanley downgraded the nation's sovereign credit rating on Tuesday, expressing a "dislike stance" towards the country's economic trajectory. This decision came in the wake of the Knesset's vote to pass the...
Innovation
Israeli military tech companies thrive on soaring global demand
In a stunning display of Israel's prowess in military technology, the approval of IAI's Arrow 3 system's sale to Germany for a staggering $3.3 billion has...
Milk and honey reinvented: the Wilk and Bee-io Honey merger taking food tech to new heights
In a ground-breaking move, two innovative Israeli food tech companies have announced a merger, combining their expertise to advance in their respective fields. The two start-ups, Wilk and Bee-io Honey, are taking a giant leap forward as they specialize in developing...
Israeli ingenuity at the core: Microsoft launches cloud server chip and card for Azure
Yesterday, Microsoft made an exciting debut, unveiling a cutting-edge chip and electronic card designed for its cloud servers. The primary objectives behind this move are twofold: firstly, to grant customers the ability to customize the Azure cloud system on demand,...
General Motors acquires Israeli battery start-up Algolion to boost electric vehicle safety
General Motors (NYSE:GM), one of the world's leading carmakers, last week made an announcement regarding the acquisition of Israeli battery start-up Algolion. Following the acquisition, all of the company's employees will join General Motors' development center in...
Israeli agritech company’s 50% water savings solution drives $44 million funding round
The Israeli agritech company N-Drip, has completed another funding round, successfully raising $44 million. Overall, the company has managed to raise about $80 million so far from a number of investors in the U.S., Europe, and Israel. Among its investors are Garnot...
Economy
Oil price prospects: factors driving the surge and what lies ahead
The global oil market has been on a rollercoaster ride recently, with prices soaring to levels not seen since November of the previous year. As of now, a...
Israel’s inflation hits 4.1%, as apartment prices weaken
Israel's consumer price index (CPI) exceeded expectations in August, registering a monthly increase of 0.5%, pushing the annual rate to 4.1%, according to data released by the Central Bureau of Statistics. These figures not only exceeded early market estimates but...
Israel awaits inflation data ahead of Rosh Hashanah celebrations
Israel anxiously anticipates the imminent release of inflation data set for tomorrow, with markets bracing for a potential rebound to around 4%, following a recent drop to 3.3% in July. Across the globe, a surprise setback was experienced in the United States...
The shekel’s uncertain future: analysing the prospects
The recent fluctuations in the exchange rate between the US dollar and the Israeli shekel have left financial markets and investors in a state of uncertainty. The shekel has been losing ground against the dollar for some time now, and this trend shows no sign of...
Israel’s budget deficit for the year surpasses its annual target in August, reaching 1.3% of GDP
Israel is facing an escalating fiscal challenge as its cumulative deficit over the past 12 months reached 1.3% of GDP in August. This marks an increase from the 1% deficit reported just a month ago. This is indicating that the actual deficit has surpassed the...
Company Reporting
CyberArk’s Q2 2023 results spark 12% stock rally
In a remarkable display of growth and innovation, cybersecurity firm CyberArk has revealed impressive financial results for the second quarter of 2023. The...
Check Point bolsters cybersecurity with $490 Million Perimeter 81 acquisition
In a significant move that highlights the growing importance of cybersecurity in the age of remote work and cloud computing, Israeli cybersecurity company Check Point (NASDAQ: CHKP) has announced the acquisition of Israeli start-up Perimeter 81 for $490 million. This...
Rising global tensions prompt European governments to embrace Israeli tech solutions
In response to escalating global tensions, Israeli defense companies Rafael and the Israel Aerospace Industries (IAI) are poised to expand their production lines for air defense systems. These expansions come as a result of significant deals struck with Germany and...
Amazon Web Services Invests billions in Israel with new local cloud server farm
Amazon Web Services (AWS) has made a significant move in Israel's cloud computing industry by launching its cloud infrastructure. The company has set up three local server farms, marking a shift from its previous reliance on server farms abroad. This development...
Electreon wins major contract in France, paving the way for wireless road infrastructure
Electreon, an Israeli company that specialises in wireless charging technology for electric vehicles (EV), has won the French Prime Minister's Office's tender for the Charge As You Drive project. The firm has been given NIS 14 million to carry out the work. Although...
Stock Market
Israel’s stock exchange pioneers blockchain-based digital bond issuance. Is digital shekel going to be next?
In a ground-breaking collaboration, the Stock Exchange of Israel, in partnership with the Accountant General of the Ministry of Finance, recently completed a...
Navigating market opportunities: leading Israeli bank advises investors to expand stock holdings
Last week, the Tel Aviv Stock Exchange experienced a decline of over 3%, signalling a return of fear to the local stock market after a period of positive momentum in April. In contrast, Wall Street's main index, the S&P 500, saw a slight increase of 0.3% in a...
Relief rally anticipated as debt ceiling deal shifts markets’ focus to riskier assets
Global markets are poised for a relief rally as US negotiators have reached a tentative deal to resolve the ongoing debt crisis that has recently weighed on risk sentiment. As trading begins this week, attention will be focused on the US dollar, which has benefited...
How Valley National Bancorp’s recent plunge affects Israeli investors?
If you're an investor who follows the stock market, you may have heard about the recent plunge in Valley National Bancorp's (Nasdaq: VLM) stock price. This bank, which operates in several states in the USA, including New Jersey, New York, Florida, and Alabama, saw its...
Legal reform and political uncertainty weigh on Tel Aviv stock market’s performance in Q1
The Tel Aviv stock market's performance during the first three months of 2023 has been quite disappointing. According to IBI, one of the leading investment houses in Israel, the main indices in Israel (TA-35 and TA-90) underperformed in comparison to indices in Europe...
Portfolio
From volatility to stability: why bonds are the smart investment choice
In a world where stock market volatility keeps many potential investors at bay, seeking stability and reliable returns becomes paramount. If you find yourself...
Altshuler Shaham Investment House outperforms competitors by prioritizing returns over ESG Investments
In April, Altshuler Shaham (TASE: ALTF) Investment House returned to the top of returns table, surpassing competitors due to its astute investment decisions. The firm's success can be largely attributed to the fact that it has prioritised financial returns over...
Israeli banks brace for impact: will US banking crisis affect them?
The recent selloff in US bank shares has rattled investors, as fears about the solvency of regional lenders have intensified. The collapse of First Republic Bank, and its consequent takeover by JP Morgan, have contributed to the lack of stability in the market. All of...
Should you sell in May and go away? Conflicting opinions on summer markets and their impact on your investments
Wall Street indices have been remarkably strong over the past four months, with the S&P 500 index rising by 9% and the Nasdaq by 22%. However, this comes at a time when the summer months, which are considered weak, are around the corner. The "sell in May and go...
Why the Dow Jones Transportation Average is a key indicator for the economy
The Dow Jones Transportation Average, which tracks 20 large U.S. companies ranging from airlines to railroads to truckers, has underperformed the Dow Jones Industrial Average by about 8.3% since early February. This means that while the Dow Jones Industrial Average...
Real Estate
Israel’s real estate market faces steep decline in new starts
Construction activity in Israel is experiencing a significant decline, primarily due to the country's economic situation. In the first quarter of this year,...
Israeli housing market faces looming crisis as mortgage volume declines
Recent data from the Bank of Israel highlights a worrying trend in the housing market, signalling the onset of a significant crisis. The monthly mortgage volume has returned to levels seen three years ago, indicating a decline in real estate market activity. While the...
Declining trend: Israeli real estate market at its weakest since 2003
The Israeli real estate market is experiencing a significant downturn, with the number of deals closed in February decreasing by 41% compared to the previous year. This marks one of the weakest periods since 2003, according to the Ministry of Finance's report...
Israel’s housing market: newly built properties decline in price while rents rise at highest pace since 2008
The Israeli real estate market is allegedly experiencing a price decrease for newly constructed properties, as stated in recently published reports. The broader market trend appears to be also heading in this direction in the not-too-distant future, despite the fact...
Israel’s apartment sales time doubles in eighteen months, indicating property market upheaval
The Israeli real estate market is dealing with a new economic reality: high interest rates that have not been seen in a decade. The number of transactions has been rapidly declining over the last six months, as there are now fewer buyers on the market due to an...
Israel’s inflation hits 4.1%, as apartment prices weaken
Israel's consumer price index (CPI) exceeded expectations in August, registering a monthly increase of 0.5%, pushing the annual rate to 4.1%, according to data released by the Central Bureau of Statistics. These figures not only exceeded early market estimates but...
Israel awaits inflation data ahead of Rosh Hashanah celebrations
Israel anxiously anticipates the imminent release of inflation data set for tomorrow, with markets bracing for a potential rebound to around 4%, following a recent drop to 3.3% in July. Across the globe, a surprise setback was experienced in the United States...
The shekel’s uncertain future: analysing the prospects
The recent fluctuations in the exchange rate between the US dollar and the Israeli shekel have left financial markets and investors in a state of uncertainty. The shekel has been losing ground against the dollar for some time now, and this trend shows no sign of...
Israel’s budget deficit for the year surpasses its annual target in August, reaching 1.3% of GDP
Israel is facing an escalating fiscal challenge as its cumulative deficit over the past 12 months reached 1.3% of GDP in August. This marks an increase from the 1% deficit reported just a month ago. This is indicating that the actual deficit has surpassed the...
Market volatility: will dollar soar to NIS 3.90?
In a turbulent economic landscape, the Israeli shekel continues to weaken as the US dollar surges to new heights, crossing the 3.85 shekel mark. This marks a significant shift from the recent levels, and the trend shows no signs of abating. This depreciation of the...
Bank of Israel keeps interest rate steady amidst moderating inflation
The Bank of Israel has opted to maintain its benchmark interest rate at 4.75% for the second consecutive time, reinforcing market expectations and aligning with the consensus among leading economists. The decision comes after a series of consecutive rate hikes that...
Israel and Japan advance towards free trade agreement
Israel and Japan are making substantial progress towards a potential Free Trade Agreement (FTA), marking a significant milestone in international trade relations. After a hiatus of nearly a decade, negotiations were reignited in November 2022 and have gained momentum,...
Israel sees surge in gas royalties during first half of 2023
Natural gas royalties have risen dramatically in Israel, with the country raking in over NIS 1 billion ($263 million) through June. When compared to the same period a year ago, this number represents a tremendous 23% growth. The Ministry of Energy and Infrastructure...
Israel claims top spot in OECD’s cost of living index: government’s economic strategy under scrutiny
Last week, the Organization for Economic Co-operation and Development (OECD) unveiled its latest report on the cost of living across member countries. In an unexpected turn, Israel topped the table for 2022, unseating its counterparts. The assessment, which evaluates...
Israeli military tech companies thrive on soaring global demand
In a stunning display of Israel's prowess in military technology, the approval of IAI's Arrow 3 system's sale to Germany for a staggering $3.3 billion has sent shockwaves through international news outlets. To put this deal in perspective, the IAI's total sales for...