www.bethelfinance.com
The shekel is stable against the dollar in inter-bank trading, and is slightly strengthening against the euro. The shekel-dollar exchange rate is down 0.08%, compared with yesterday's representative rate, at NIS 3.72/$, and the shekel-euro exchange rate is down 0.31% to NIS 5.06/€.
In international markets, the dollar continues to weaken against the euro and is trading at $1.36/€.
The Central Bureau of Statistics will announce the Consumer Price Index (CPI) for October, which analysts expect to rise by 0.2%. The CPI for September fell 0.2% belying analysts' expectations of a rise of 0.1%. Inflation for the preceding 12 months was 2.9%, within the government's 1-3% target price range. Inflation was 2.2% in January-September.
Mr. Peres Sailam from Bethel Finance said "International markets are falling, following the rise in Italian and Spanish bond yields. Concerns about the spread of the European debt crisis continue to cloud market sentiment. Wall Street fell yesterday, and Asian markets fell today by up to 1% due to the European debt crisis."
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