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Bethel Finance news:
The shekel is strengthening sharply against the dollar and euro in inter-bank trading this morning. The shekel dollar exchange rate was down 0.70% at NIS 3.77/$, compared with yesterday's representative rate, and the shekel euro exchange rate was down 0.74% against the euro at NIS 5.04/€.
Asian markets rose today, and European markets are set to open higher, following yesterday's gains on Wall Street, and options which point to further gains at the opening today.
The Bank of Israel yesterday cut the interest rate for December by 25 basis points to 2.75%, due to the worsening of the European debt crisis and the cooling off of the local real estate market.
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