Consumer prices probably rose an annual 1.7 percent in February from 2 percent the previous month, according to the median estimate of 11 economists by Bloomberg. The Jerusalem-based Central Bureau of Statistics is scheduled to release the data at 6:30 p.m.
WHAT TO WATCH: * The Israeli Air Force struck a rocket-launching site in Gaza Strip overnignt, after two rockets were fired into Israel yesterday evening, the army said in an e-mailed statement. There have been no rocket attacks so far today, an Israeli army spokeswoman said, speaking anonymously in accordance with military regulation. EQUITY MOVERS: * Bezeq Israeli Telecommunication Corp. (BEZQ IT), the country’s largest fixed-line provider, said net income for the three-month period fell to 524 million shekels ($138 million) from 575 million shekels in the year-earlier period. The median estimate of four analysts surveyed by Bloomberg was for 451 million shekels. * Delek Drilling LP (DEDRL IT) said the Tamar gas site partnership signed a 15-year agreement to supply Israel Electric Corp. with natural gas. Delek Drilling estimated that the partnership would bring in at least $14 billion in revenue. * Israel Chemicals Ltd.’s (ICL IT) competitor K+S AG, Europe’s biggest potash producer, predicted earnings will fall this year after a mild winter hurt demand for de-icing road salt. * Teva Pharmaceutical Industries Ltd. (TEVA IT), the world’s largest generic drugmaker, won U.S. approval to sell the first generic version of Lexapro for depression and anxiety. MARKETS: * The TA-25 Index gained 2.9 percent to 1,111.80 yesterday. * The yield on the Mimshal Shiklit government bond due January 2022 was at 4.79 percent. * The shekel weakened 0.1 percent to 3.7913 a dollar at 8:19 a.m. in Tel Aviv. * Corn for May delivery increased 0.4 percent to $6.6125 a bushel. * Crude oil for April delivery gained 0.2 percent to $105.65 a barrel. * Gold for immediate delivery fell 0.1 percent to $1,642.82 an ounce.
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