Headlines

What is causing shekel’s recent weakness?

The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...

UBS to acquire Credit Suisse amidst crisis

The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...

Israel’s inflation rises higher than expected in February

In February, Israel's inflation rate fell to a four-month low of 5.2%, down from 5.4% in January. While this may appear to be good news, it was actually higher than expected, suggesting that the Bank of Israel may raise interest rates again next month. The consumer...

Leading Israeli banks report record profits for 2022

Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...

Will Bank of Israel intervene in FX markets to prop up shekel?

The recent depreciation of the shekel against foreign currencies has sparked speculation that the Bank of Israel will intervene in the foreign exchange market. The shekel has fallen by 8% against the dollar in just over a month since the government's push for judicial...

U.S. housing market is in its worst decline since 2008

The housing market in the United States has lost $2.3 trillion in value, the largest loss since the global financial crisis of 2008. According to data from real estate brokerage Redfin, the total value of U.S. homes dropped by 4.9%, after reaching a peak of $47.7...

Innovation

 

Israeli company launches ultra-fast power booster for EVs

While Israel is making steady progress toward the adoption of electric vehicles (EVs), a more pressing challenge is emerging. The availability of infrastructure for recharging cars and the speed at which it is achieved. On the one hand, doing so in the comfort of...

 

Economy

 

What is causing shekel’s recent weakness?

The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...

 

Company Reporting

 

Leading Israeli banks report record profits for 2022

Israeli banks Bank Leumi (TASE: LUMI) and Mizrahi Tefahot (TASE: MZTF) reported record profits for 2022, citing a growth in the credit portfolio and an increase in interest rates as the main reasons behind the great performance. Leumi Bank's net profit for 2022...

 

Stock Market

 

UBS to acquire Credit Suisse amidst crisis

The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...

Will tomorrow’s US inflation report cause market rally?

US stocks are still going up on Wednesday, as markets are eagerly waiting for tomorrow's release of the consumer price index (CPI) report for December, which might demonstrate if Wall Street's recent surge in optimism was justified or exaggerated. The current...

 

Portfolio

 

 

Real Estate

 

Is Israel’s property market cooling?

According to data released by the Bank of Israel (BOI) this afternoon, the Israeli real estate market is continuing to contract. It shows that the overall value of mortgages obtained in November was NIS 7.6B, a 31% drop from the number of mortgages issued in the same...

 

What is causing shekel’s recent weakness?

What is causing shekel’s recent weakness?

The Israeli shekel is currently experiencing a period of weakness against major currencies such as the US dollar and the euro. The reasons behind this trend are complex and multifaceted, with both domestic and international factors contributing to the shekel's...

UBS to acquire Credit Suisse amidst crisis

UBS to acquire Credit Suisse amidst crisis

The financial world was shaken by the news that Credit Suisse was on the brink of collapse, leading to the Swiss bank's acquisition by UBS. The deal, which is expected to be signed soon, is worth up to one billion dollars and will be entirely in shares. According to...

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