Wednesday, January 4, 2012

Bethel Finance: Shekel strengthens as int'l markets open for 2012

www.bethelfinance.com
Bethel Finanec news:
The shekel is strengthening against the dollar, but weakening against the euro in morning inter-bank trading today, on the first day of 2012 global market trading. The shekel-dollar exchange rate fell 0.49%, compared with Friday's representative rate, to NIS 3.802/$, but the shekel-euro exchange rate is up 0.14% to NIS 4.945/€.

On global markets, the euro has strengthened against the dollar to $1.298/€.

Asian markets rose today, after trading yesterday, as most markets were closed for the New Year holiday. Wall Street and European markets will open today for the first official day of market trading of 2012.

At 5:00 pm Israel time, the December US Purchasing Managers' Index (PMI) will be published. It is forecasted to reach 52.3 points, indicating economic expansion. On Friday, the December US employment report will be published. It is estimated that 150,000 jobs were created in December, and that the unemployment rate will fall from November's 8.7% to 8.6%.

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