Bloomberg News

ISRAEL DAYBOOK: Israel to Post Trade Balance, Cabinet Meets

November 13, 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)

Nov. 13 (Bloomberg) --Israel’s Central Bureau of Statistics is expected to post the trade deficit for October today.

The Israeli Cabinet meets after the admissions committee for the 15-member Security Council adopted a report that said the body can’t recommend taking the Palestinian bid for statehood further.

WHAT TO WATCH: * Palestinian President Mahmoud Abbas to meet with U.S. envoy David Hale in Ramallah.

EQUITY MOVERS: * Ampal-American Israel Corp. (AMPL IT) said it was told by East Mediterranean Gas Co. that part of the Sinai pipeline run by EMG wasn’t damaged during an explosion last week. * EZ Energy Ltd. (EZ IT) said a U.S. unit won’t acquire 30 gas stations and convenience stores. * Israel Corp. (ILCO IT) was part of a group that invested $200 million in Better Place LLC, the start-up developing charging stations for electric cars. * Shufersal Ltd. (SAE IT) said that the deadline for Discount Investment Corp.’s planned sale of a stake in the country’s largest supermarket chain is now Nov. 20.

MARKETS: * The TA-25 Index declined 1.2 percent to 1,105.84. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.64 percent. * The shekel gained 0.5 percent to 3.7150 per dollar. * Corn for December delivery fell 1.1 percent to $6.4775 a bushel. * Crude oil for December delivery was advanced 1.2 percent to $98.99 a barrel. * Gold for immediate delivery added 2 percent to $1,787 an ounce.

--Editor: Shaji Mathew

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

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


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