Shekel weakens as financial markets react to escalating tensions and economic forecasts
Today, the shekel is experiencing a downturn in the wake of reports predicting the end of a cease-fire and the resurgence of conflict. Against the backdrop of a recent shooting attack in Jerusalem that claimed three lives and left seven wounded, financial markets have...
Bank of Israel keeps interest rates as it navigates through unchartered waters
In today's decision, the Monetary Committee of the Bank of Israel opted to maintain the country's interest rate at 4.75%, marking the fourth consecutive time the rate has remained unchanged. The decision reflects a cautious approach, considering the ongoing war and...
From declines to recovery: Israeli capital market’s sensitivity to northern border tensions
The Israeli capital market has been closely mirroring the geopolitical developments on its northern border, offering a unique lens into the financial market's sensitivity to regional tensions. A recent Hezbollah attack on six Israeli civilians triggered a 1.7% drop in...
October inflation reading shows signs of further slowdown
In October 2023, the economic scene saw a mix of ups and downs, with the Consumer Price Index (CPI) ticking up by 0.5%, which is in line with expectations. Here's a simplified breakdown of the key points: Prices on the MoveUpward Trends: Clothing and Footwear: Went up...
Next Vision’s soaring success: a closer look at the impressive growth
In the dynamic realm of technology ventures, Next Vision has risen as a standout presence in the drone camera manufacturing sector, earning itself a prominent position on the Tel Aviv Stock Exchange. Boasting an impressive 84% surge in sales and a remarkable 150%...
Israel’s financial resilience: markets rebound as rating agencies issue warnings
In the wake of the ongoing conflict's anticipated negative impact on the local economy, the three major global rating companies have sounded alarm bells for Israel's financial outlook. Moody's and Fitch both placed Israel's rating forecast under review with a negative...
Headlines
Shekel weakens as financial markets react to escalating tensions and economic forecasts
Today, the shekel is experiencing a downturn in the wake of reports predicting the end of a cease-fire and the resurgence of conflict. Against the backdrop of a recent shooting attack in Jerusalem that claimed three lives and left seven wounded, financial markets have...
Bank of Israel keeps interest rates as it navigates through unchartered waters
In today's decision, the Monetary Committee of the Bank of Israel opted to maintain the country's interest rate at 4.75%, marking the fourth consecutive time the rate has remained unchanged. The decision reflects a cautious approach, considering the ongoing war and...
From declines to recovery: Israeli capital market’s sensitivity to northern border tensions
The Israeli capital market has been closely mirroring the geopolitical developments on its northern border, offering a unique lens into the financial market's sensitivity to regional tensions. A recent Hezbollah attack on six Israeli civilians triggered a 1.7% drop in...
October inflation reading shows signs of further slowdown
In October 2023, the economic scene saw a mix of ups and downs, with the Consumer Price Index (CPI) ticking up by 0.5%, which is in line with expectations. Here's a simplified breakdown of the key points: Prices on the MoveUpward Trends: Clothing and Footwear: Went up...
Next Vision’s soaring success: a closer look at the impressive growth
In the dynamic realm of technology ventures, Next Vision has risen as a standout presence in the drone camera manufacturing sector, earning itself a prominent position on the Tel Aviv Stock Exchange. Boasting an impressive 84% surge in sales and a remarkable 150%...
Israel’s financial resilience: markets rebound as rating agencies issue warnings
In the wake of the ongoing conflict's anticipated negative impact on the local economy, the three major global rating companies have sounded alarm bells for Israel's financial outlook. Moody's and Fitch both placed Israel's rating forecast under review with a negative...
The Fear Index: unravelling market uncertainty
The Tel Aviv Stock Exchange has recently witnessed a rapid rebound in the past week, erasing a significant portion of the losses incurred since the outbreak of the war. Interestingly, this rebound has been accompanied by a noticeable decline in the local fear index....
The shekel strengthens against the dollar: a closer look
In recent weeks, the shekel had been experiencing a significant devaluation against the US dollar due to the ongoing war with Hamas. However, this week marked a remarkable turnaround, as the shekel strengthened against the dollar, causing the American currency to move...
Israel’s economic battle plan: balancing uncertainty and fiscal policy
Classical economics, a field of study built on assumptions and rationality, often finds itself challenged in non-routine situations like wars. In such cases, economic forecasts become incredibly complex due to the high level of uncertainty surrounding how the conflict...
Navigating the Tel Aviv stock market: challenges and opportunities amidst turbulent times
The Tel Aviv Stock Exchange (TASE) has been in the spotlight recently, facing a series of challenges and fluctuations that have left investors both in Israel and abroad pondering their financial decisions. The most recent drop in the Tel Aviv 35 Index has taken it...
Bank Leumi prepares for significant credit card losses amidst ongoing war
Bank Leumi, one of Israel's leading financial institutions, has made a significant announcement regarding anticipated credit card losses due to the ongoing war with Hamas, which began on October 7, 2023. This revelation comes as the banking sector grapples with the...
Bank of Israel at crossroads: interest rates and economic stability
In the ever-shifting landscape of economic decision-making, the Bank of Israel has found itself at a crossroads in the wake of recent developments. Just two weeks ago, the expectation was that the central bank would increase interest rates by a quarter of a percent,...
USD/ILS exchange rate: war’s impact and economic ramifications
In the last eighteen months, the exchange rate between the Israeli Shekel (ILS) and the United States Dollar (USD) has been on a rollercoaster ride, with fluctuations impacting various sectors of the Israeli economy. However, the outbreak of war with Hamas has...
Fitch places Israel on rating watch negative due to Gaza war
The global credit rating agency Fitch announced on Tuesday that Israel's credit rating has been placed under "Rating Watch Negative." This decision comes in response to a shift in the perception of risks associated with the ongoing war with Hamas. Fitch's decision to...
Amidst conflict, positive turn in Israel’s Economy: inflation decline offers hope
In September 2023, Israel's Consumer Price Index (CPI) exhibited a notable decrease of 0.1% compared to the previous month. This downturn has had a significant impact on the overall annual inflation rate, which fell to 3.8% from the 4.1% recorded at the end of August....
Moody’s postpones its decision, leaving Israel’s credit rating unchanged
In an unexpected turn of events, credit rating agency Moody's has postponed the release of Israel's credit rating notice, leaving financial markets and stakeholders in suspense. This decision comes as a surprise to many, given that the agency had recently conducted a...
Moody’s raises concerns over Israel’s credit rating amidst security situation
In a pivotal turn of events following the ongoing war of Israel with Hamas, Moody's, the international credit rating agency, is set to release a critical report this Friday, potentially challenging Israel's current credit rating of A1. The report, which focuses on the...
Israel’s economy strains as war declaration deepens budget deficit and shekel devaluation
Saturday's morning surprise attack by Hamas has thrown Israel into a state of turmoil, with a tragic loss of lives. This attack marks the first declaration of war in Israel in over 15 years since the Second Lebanon War. The economic implications of such a situation...
Tel Aviv Stock Exchange witnesses plunge in energy sector amidst war with Hamas
Tel Aviv, Sunday - The Tel Aviv Oil and Gas Index experienced a significant setback today, with a staggering decline of approximately 9% in trading on the stock exchange. Earlier in the day, the declines even breached the 10% mark, highlighting the volatile nature of...
From non-profit to $90 billion valuation: OpenAI’s evolution
Artificial intelligence has been making waves across industries, and OpenAI, a prominent AI startup, is poised to make a major move in the world of tech investments. According to a report in the Wall Street Journal, OpenAI is currently in discussions with investors to...
Israel’s largest defence contract: Germany purchases air defence system Arrow 3 for €4 billion
Officials from Israel and Germany have signed a contract worth nearly €4 billion for the purchase of the Arrow 3 long-range air defence system, which was developed by Israeli and American engineers. This is Israel's largest defence contract ever, and it comes as...
Palo Alto Networks’ quest for cyber supremacy: two Israeli startups in a billion-dollar deal
Cybersecurity giant Palo Alto Networks is making a significant comeback in the industry with plans to acquire two Israeli startup companies. After a year-long pause, the company is in negotiations to purchase Talon Cyber Security, a developer of secure corporate...
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...
Innovation
From non-profit to $90 billion valuation: OpenAI’s evolution
Artificial intelligence has been making waves across industries, and OpenAI, a prominent AI startup, is poised to make a major move in the world of tech...
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...
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...
Economy
Shekel weakens as financial markets react to escalating tensions and economic forecasts
Today, the shekel is experiencing a downturn in the wake of reports predicting the end of a cease-fire and the resurgence of conflict. Against the backdrop of...
Bank of Israel keeps interest rates as it navigates through unchartered waters
In today's decision, the Monetary Committee of the Bank of Israel opted to maintain the country's interest rate at 4.75%, marking the fourth consecutive time the rate has remained unchanged. The decision reflects a cautious approach, considering the ongoing war and...
From declines to recovery: Israeli capital market’s sensitivity to northern border tensions
The Israeli capital market has been closely mirroring the geopolitical developments on its northern border, offering a unique lens into the financial market's sensitivity to regional tensions. A recent Hezbollah attack on six Israeli civilians triggered a 1.7% drop in...
October inflation reading shows signs of further slowdown
In October 2023, the economic scene saw a mix of ups and downs, with the Consumer Price Index (CPI) ticking up by 0.5%, which is in line with expectations. Here's a simplified breakdown of the key points: Prices on the MoveUpward Trends: Clothing and Footwear: Went up...
The shekel strengthens against the dollar: a closer look
In recent weeks, the shekel had been experiencing a significant devaluation against the US dollar due to the ongoing war with Hamas. However, this week marked a remarkable turnaround, as the shekel strengthened against the dollar, causing the American currency to move...
Company Reporting
Next Vision’s soaring success: a closer look at the impressive growth
In the dynamic realm of technology ventures, Next Vision has risen as a standout presence in the drone camera manufacturing sector, earning itself a prominent...
Bank Leumi prepares for significant credit card losses amidst ongoing war
Bank Leumi, one of Israel's leading financial institutions, has made a significant announcement regarding anticipated credit card losses due to the ongoing war with Hamas, which began on October 7, 2023. This revelation comes as the banking sector grapples with the...
Israel’s largest defence contract: Germany purchases air defence system Arrow 3 for €4 billion
Officials from Israel and Germany have signed a contract worth nearly €4 billion for the purchase of the Arrow 3 long-range air defence system, which was developed by Israeli and American engineers. This is Israel's largest defence contract ever, and it comes as...
Palo Alto Networks’ quest for cyber supremacy: two Israeli startups in a billion-dollar deal
Cybersecurity giant Palo Alto Networks is making a significant comeback in the industry with plans to acquire two Israeli startup companies. After a year-long pause, the company is in negotiations to purchase Talon Cyber Security, a developer of secure corporate...
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...
Stock Market
Israel’s financial resilience: markets rebound as rating agencies issue warnings
In the wake of the ongoing conflict's anticipated negative impact on the local economy, the three major global rating companies have sounded alarm bells for...
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 Proof of Concept (PoC) phase for Project Eden - a pilot issuance of digital bonds using a blockchain platform,...
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...
Portfolio
The Fear Index: unravelling market uncertainty
The Tel Aviv Stock Exchange has recently witnessed a rapid rebound in the past week, erasing a significant portion of the losses incurred since the outbreak...
Navigating the Tel Aviv stock market: challenges and opportunities amidst turbulent times
The Tel Aviv Stock Exchange (TASE) has been in the spotlight recently, facing a series of challenges and fluctuations that have left investors both in Israel and abroad pondering their financial decisions. The most recent drop in the Tel Aviv 35 Index has taken it...
USD/ILS exchange rate: war’s impact and economic ramifications
In the last eighteen months, the exchange rate between the Israeli Shekel (ILS) and the United States Dollar (USD) has been on a rollercoaster ride, with fluctuations impacting various sectors of the Israeli economy. However, the outbreak of war with Hamas has...
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 wary of the unpredictable swings of stocks, there's a compelling alternative that deserves your attention:...
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...
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...
Bank of Israel keeps interest rates as it navigates through unchartered waters
In today's decision, the Monetary Committee of the Bank of Israel opted to maintain the country's interest rate at 4.75%, marking the fourth consecutive time the rate has remained unchanged. The decision reflects a cautious approach, considering the ongoing war and...
From declines to recovery: Israeli capital market’s sensitivity to northern border tensions
The Israeli capital market has been closely mirroring the geopolitical developments on its northern border, offering a unique lens into the financial market's sensitivity to regional tensions. A recent Hezbollah attack on six Israeli civilians triggered a 1.7% drop in...
October inflation reading shows signs of further slowdown
In October 2023, the economic scene saw a mix of ups and downs, with the Consumer Price Index (CPI) ticking up by 0.5%, which is in line with expectations. Here's a simplified breakdown of the key points: Prices on the MoveUpward Trends: Clothing and Footwear: Went up...
Next Vision’s soaring success: a closer look at the impressive growth
In the dynamic realm of technology ventures, Next Vision has risen as a standout presence in the drone camera manufacturing sector, earning itself a prominent position on the Tel Aviv Stock Exchange. Boasting an impressive 84% surge in sales and a remarkable 150%...
Israel’s financial resilience: markets rebound as rating agencies issue warnings
In the wake of the ongoing conflict's anticipated negative impact on the local economy, the three major global rating companies have sounded alarm bells for Israel's financial outlook. Moody's and Fitch both placed Israel's rating forecast under review with a negative...
The Fear Index: unravelling market uncertainty
The Tel Aviv Stock Exchange has recently witnessed a rapid rebound in the past week, erasing a significant portion of the losses incurred since the outbreak of the war. Interestingly, this rebound has been accompanied by a noticeable decline in the local fear index....
The shekel strengthens against the dollar: a closer look
In recent weeks, the shekel had been experiencing a significant devaluation against the US dollar due to the ongoing war with Hamas. However, this week marked a remarkable turnaround, as the shekel strengthened against the dollar, causing the American currency to move...
Israel’s economic battle plan: balancing uncertainty and fiscal policy
Classical economics, a field of study built on assumptions and rationality, often finds itself challenged in non-routine situations like wars. In such cases, economic forecasts become incredibly complex due to the high level of uncertainty surrounding how the conflict...
Navigating the Tel Aviv stock market: challenges and opportunities amidst turbulent times
The Tel Aviv Stock Exchange (TASE) has been in the spotlight recently, facing a series of challenges and fluctuations that have left investors both in Israel and abroad pondering their financial decisions. The most recent drop in the Tel Aviv 35 Index has taken it...
Bank Leumi prepares for significant credit card losses amidst ongoing war
Bank Leumi, one of Israel's leading financial institutions, has made a significant announcement regarding anticipated credit card losses due to the ongoing war with Hamas, which began on October 7, 2023. This revelation comes as the banking sector grapples with the...