Bloomberg News

ISRAEL DAYBOOK: Statistics Bureau to Release Unemployment Data

October 26, 2011

(ILGD <GO> for Israel Finance Ministry)

(ECO IS <GO> Israel Economic releases)

(BOIJ <GO> for Israel Central Bank)

(MET <GO> and EXTRA <GO> for Middle East turmoil)

Oct. 26 (Bloomberg) -- The Central Bureau of Statistics is scheduled to release August unemployment figures around 1 p.m.

WHAT TO WATCH: Envoys of the Middle East Quartet -- the U.S., the United Nations, the European Union and Russia -- are scheduled to meet with Israeli and Palestinian officials to advance their plan to renew peace talks.

EQUITY MOVERS: * Cellcom Israel Ltd. (CEL IT): Chief Executive Officer Amos Shapira is planning to resign in the coming days, Calcalist reported, without saying where it got the information. The country’s largest mobile-phone company declined 1.7 percent to 80.01 shekels. * Fundtech Ltd. (FNDT IT): Shareholders approved the acquisition of the provider of banking software by GTCR, a Chicago-based private-equity firm. The shares slipped 0.3 percent to 83.92 shekels. * Mellanox Technologies Ltd. (MLNX IT): The adapter maker that is part-owned by Oracle Corp. is scheduled to release third- quarter results after the U.S. market closes. The shares gained 0.3 percent to 122.20 shekels. * Tamir Fishman Real Estate Fund Ltd. (TFRE IT): The real-estate company canceled a merger agreement with Fattal Hotels Ltd. The shares rose 3.8 percent to 1.266 shekels when they last traded Oct. 16. * Teva Pharmaceutical Industries Ltd. (TEVA IT): The U.S. Food and Drug Administration is writing guidelines that will require generic-drugmakers to meet tighter standards to prove their blood-thinners and anti-seizure treatments work as well as brand-name products. The shares of the world’s largest generic drugmaker climbed 2.5 percent to 145.10 shekels.

MARKETS: * The TA-25 Index declined 0.5 percent to 1,135.27. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.66 percent. * The shekel strengthened less than 0.1 percent to 3.6514 per dollar at 8:45 a.m. in Tel Aviv. * Corn for December delivery gained 0.6 percent to $6.5425 a bushel. * Crude oil for December delivery rose 0.3 percent to $93.44 a barrel. * Gold for immediate delivery increased 0.4 percent to $1,712.53 an ounce.

--Editors: Susan Lerner, Claudia Maedler

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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