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...
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....
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...
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...
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...
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...
The local stock market has responded strongly to today's developments in the Knesset. Protests and political drama unfolded across the country after a bill passed its final reading that would weaken and eliminate the reasonableness clause in governmental decisions....
In the realm of stock market investing, a well-known adage advises to "sell in May and come back in St Leger's Day," implying that summer months typically witness a market slowdown due to vacations, leading to limited gains. However, defying this conventional wisdom,...
The Chinese economy faced significant challenges in the second quarter of 2023, with minimal growth and a surge in unemployment among young people. These concerns arise amid the global threat of recession in the US and Europe. The sluggish growth in 2023 has increased...
The Consumer Price Index (CPI) for June 2023 remained unchanged, according to the latest announcement by the Central Bureau of Statistics, bringing year over year inflation down to 4.2% from 4.6% a month earlier. Due to initial forecasts predicting an increase of...