Tag #Shekel

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themarker.com

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Sep 3, 10:15

Tel Aviv Stock Exchange Opens Higher After Yesterday's Decline

Following a decline in both Tel Aviv and Wall Street, the Tel Aviv Stock Exchange opened higher today, with the TA 35 index up 0.3%, TA 90 up 0.4%, and the banking index up 0.3%; however, the dollar weakened against the shekel by 0.21% to 3.379 shekels.

Tel Aviv Stock Exchange Opens Higher After Yesterday's Decline

Following a decline in both Tel Aviv and Wall Street, the Tel Aviv Stock Exchange opened higher today, with the TA 35 index up 0.3%, TA 90 up 0.4%, and the banking index up 0.3%; however, the dollar weakened against the shekel by 0.21% to 3.379 shekels.

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Decent Work and Economic Growth

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What are the potential future implications of these market trends and the interplay between the shekel and the dollar?

The interplay between the shekel and the dollar will likely remain influenced by geopolitical concerns and the balance between investor demand for dollars as a safe haven and exporters' actions at month's end. Attention is expected to remain focused on the gap between short and long-term bond yields.

themarker.com

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Apr 9, 22:13

Trump's Tariff Freeze: Shekel Strengthens, Wall Street Soars, Tel Aviv Dips

Trump's surprise announcement to freeze tariffs caused the dollar to fall to 3.75 shekels and the Euro to 4.10 shekels, while Wall Street saw significant gains; however, the Tel Aviv Stock Exchange saw a 1.5% drop in the TA 35 index and a 1.7% drop in the TA 125 index.

Trump's Tariff Freeze: Shekel Strengthens, Wall Street Soars, Tel Aviv Dips

Trump's surprise announcement to freeze tariffs caused the dollar to fall to 3.75 shekels and the Euro to 4.10 shekels, while Wall Street saw significant gains; however, the Tel Aviv Stock Exchange saw a 1.5% drop in the TA 35 index and a 1.7% drop in the TA 125 index.

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How do the actions of Israeli institutional investors affect the shekel's value in relation to fluctuations in Wall Street?

The changes in currency exchange rates are directly linked to the actions of Israeli institutional investors who are required to maintain a specific level of exposure to foreign assets. When Wall Street rises, these investors sell dollars, strengthening the shekel; when it falls, they buy dollars, weakening the shekel. The dollar's global performance is mixed; the ICE dollar index, which tracks the US currency against six major trading partners, rose 0.3% after weakening in recent days.

jpost.com

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Dec 12, 22:16

Israeli Economy Defies Expectations Amidst Security Uncertainty

Despite weak growth forecasts and credit rating downgrades, the Tel Aviv Stock Exchange index is up 24% this year, the shekel strengthened 8% against other currencies since the war began, and demand for Israeli debt remains strong, showcasing resilience in the face of conflict.

Israeli Economy Defies Expectations Amidst Security Uncertainty

Despite weak growth forecasts and credit rating downgrades, the Tel Aviv Stock Exchange index is up 24% this year, the shekel strengthened 8% against other currencies since the war began, and demand for Israeli debt remains strong, showcasing resilience in the face of conflict.

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What is the significance of the Israeli economy's unexpected strength amidst ongoing security concerns?

Despite weak economic growth forecasts and credit rating downgrades, the Tel Aviv Stock Exchange index has risen 24% this year, the shekel strengthened 8% against a basket of currencies since the beginning of the war, and demand for Israeli debt remains high. This contradicts expectations given the ongoing security events.

themarker.com

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Jul 10, 19:15

Dollar Plunge Impacts Israeli Economy

A sharp decline in the dollar against the shekel, dropping 30 agorot since an Israeli military operation and 50 agorot since mid-April, is significantly impacting the Israeli economy, benefiting importers and consumers while challenging exporters and businesses.

Dollar Plunge Impacts Israeli Economy

A sharp decline in the dollar against the shekel, dropping 30 agorot since an Israeli military operation and 50 agorot since mid-April, is significantly impacting the Israeli economy, benefiting importers and consumers while challenging exporters and businesses.

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Reduced Inequality

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What are the immediate economic consequences of the sharp decline in the value of the dollar against the shekel?

The recent drop in the dollar has significantly reduced costs for a student going to study in the US, saving her 45,000 NIS. This is due to the dollar's sharp decline, dropping 30 NIS since an Israeli military operation and 50 NIS since mid-April, representing 8% and 13% decreases respectively. This rapid devaluation is unusual, bringing the dollar to its lowest level since August 2022.

themarker.com

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Mar 27, 10:11

Tel Aviv Exchange Opens Lower Amidst Political Uncertainty and Global Market Downturn

Following Wall Street's decline and the passage of a law altering Israel's judicial appointment process, the Tel Aviv Stock Exchange opened lower, with the shekel weakening against the dollar by 0.79% against the representative rate and 0.42% against the overnight continuous rate. Paz Oil led gains ...

Tel Aviv Exchange Opens Lower Amidst Political Uncertainty and Global Market Downturn

Following Wall Street's decline and the passage of a law altering Israel's judicial appointment process, the Tel Aviv Stock Exchange opened lower, with the shekel weakening against the dollar by 0.79% against the representative rate and 0.42% against the overnight continuous rate. Paz Oil led gains ...

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What is the immediate impact of the passage of the Israeli judicial appointments law on the Tel Aviv Stock Exchange and the shekel?

The Tel Aviv Stock Exchange opened lower today, following yesterday's decline on Wall Street, where futures contracts are currently trading lower. The TA 35 and TA 90 indices fell by 0.4%, and the banking index weakened by 0.9%. However, Paz Oil led gains in the TA 35, rising 2.9% after releasing its Q4 2024 and full-year results.

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