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Gad Lior
Shekel weakens to about 3.8 against US dollar as High Court discusses judicial reform
The shekel has continued to weaken against the dollar, settling at a rate of 3.798 shekels, following yesterday's drop from 3.85 shekels, that was influenced by reports indicating a potential compromise in the judicial reform; As for the euro, the current exchange rate stands at 4.0694 shekels
Gad Lior
|
09.13.23
'The concern is genuine this time' as Israel braces for Moody's credit report
Against the backdrop of Fitch's relatively optimistic view, treasury officials suggest Moody's upcoming report, set to be published in October, could potentially have a more significant impact on Israeli economy; The agency's economists, who already lowered Israel's rating forecast in April, are expected to visit Israel soon
Gad Lior
|
08.23.23
Weakening Shekel brings losses to the Israeli market
Households, most businesses suffer as local currency value is down by 3% in just one month and 17% in the past year; Bank of Israel thought to consider additional rise in interest rates in September
Gad Lior
|
08.23.23
Dollar leaps above 3.8 shekels, sparking concerns about central bank intervention
Experts worried central bank may further hike interest rates as soon as early September as Israeli currency continues to devaluate, further hurting mortgage holders amid inflation pains
Gad Lior, Attila Somfalvi
|
08.21.23
The Israeli shekel rebounds against the dollar
After surpassing the 3.77 shekels mark yesterday, the dollar settles at 3.75 shekels, while the euro is at 4.09 shekels; Meanwhile, second-quarter growth is at 3%, and despite a recent dip in annual inflation, analysts predict another rise in the upcoming month
Gad Lior
|
08.16.23
CPI rose in July, but annual inflation dropped to 3.3% and apartment prices fell again
As expected, the consumer price index for the month of July rose by 0.3%, but annual inflation decreased due to the comparison with the large increase in the same month last year. Apartment prices decreased by 0.2% in May-June compared to the previous months and the increase in the last 12 months dropped to 5.2%. Leases for new tenants have become more expensive by 9%
Gad Lior, Hila Zion
|
08.15.23
Fitch affirms Israel's A+ credit rating, cautions against judicial reform blowback
Credit rating agency keeps Israel's 'stable' outlook, but warns credit metrics can be affected by 'decline in Israel's institutional strength' and increased in government debt
Gad Lior
|
08.14.23
Netanyahu assures funding of Arab sector after minister's comments
Finance Minister Bezalel Smotrich says money for Arab municipalities finds its way to crime gangs through extortion and intends to establish team to ensure it is not used for incitement to terror, prompting anger and accusation of racism
Moran Azulay, Gad Lior, Roni Green Shaulov
|
08.09.23
Israeli stocks show signs of recovery after 2-day slump
Despite warnings from rating agencies and leading banks about the effects of the judicial legislation on Israel's economy, the main indices on the stock exchange were up by 1%-2% but the shekel remains weak
Dan Raban, Gad Lior
|
07.26.23
Moody's releases special report: 'Judicial reform legislation will lead to negative consequences for Israel's economy'
A day after first judicial overhaul bill passes in Knesset, the credit rating agency published an unscheduled report for investors, which warns against investing in Israel; Also, investment bank Morgan Stanley said: 'Uncertainty regarding the state of the Israeli economy in the coming months'; Netanyahu and Smotrich respond: 'When the dust settles, it will become clear that Israel's economy is very strong'
Gad Lior
|
07.25.23
Israeli economy braces for judicial overhaul ripple effects
Local stock and foreign exchange markets plunge immediately after passing of first judicial reform bill, but is this just the beginning? Why might the canning of the reasonableness clause drive away investors and foreign companies? How are rating agencies expected to react, and what are the chances of seeing further strikes?
Gad Lior
|
07.25.23
Shekel tanks, markets in red as coalition stalls critical vote impacting judicial overhaul
The opposition claims Netanyahu's decision to postpone voting on lawmakers for the panel to select judges, is a ploy to appease proponents of his judicial legislation and say negotiations to find agreements will end
Gad Lior
|
06.14.23
Shekel bounces back after months of uncertainty on judicial reform
Israeli currency rallies against other global currencies and recovers some of its value after months of gradual bleeding
Gad Lior
|
06.06.23
High-tech job vacancies decrease, data shows
Israel’s Central Bureau of Statistics finds the upward trend of job vacancies in the high-tech sector is over after two years of the COVID-19 pandemic, but other fields in the Israeli market see increase in open positions
Gad Lior
|
05.18.23
Should Netanyahu intervene in Israel's economic crisis?
Opinion: With the Israeli economy seemingly headed straight for a financial iceberg, it is time for the prime minister—who was once one of Israel's greatest finance ministers—to step in and steer the economy back to a safe harbor
Gad Lior
|
05.16.23
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