© Reuters. And the interest rate is growing again
| Sonia Gorodisky, Israel Hayom |
The period after the holidays brings with it increases in the leading stock indices on the Tel Aviv Stock Exchange: the Tel Aviv Stock Exchange Index rises by 1.4%, the Tel Aviv Stock Exchange Index rises by 1.2% and the E Index rises by 2.3%. The stock exchange in Tel Aviv returned to full activity today after the holiday break in Israel, and after the surge recorded yesterday in the Wall Street exchanges. Index closed last night with a sharp increase of 3.4%, index with an increase of 1.9%, and the index with an increase of 2.65%.
It weakened against the shekel to a level of 3.518 shekels, after rising to a level of 3.59 shekels on Thursday.
In Israel it is expected to increase by 0.5%, meanwhile, in Israel the estimates are increasing that the Governor of the Bank of Israel will raise the interest rate in the economy for the sixth time in a row. The Bank of Israel’s upcoming decision on the interest rate in the economy will be published on November 21, and most forecasts are for an increase of 0.5%.
In Great Britain, the Kingdom’s efforts to stabilize the economy calmed the markets: Yesterday, Jeremy Hunt revealed a new fiscal plan, which almost completely cancels the controversial stimulus and tax reduction plan of the new Prime Minister, Liz Truss, amounting to 45 billion euros.
In response, the British got stronger and long-term yields fell sharply.
In the weekly review of Bank Hapoalim it was written this morning that
“Despite the calm in the British debt market, the British economy is on the safe path to recession: the economy shrank by 0.3% in August and the data indicated a decrease in the number of employed people in the last three months.”
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