Bloomberg News

ISRAEL DAYBOOK: Statistics Bureau to Release February CPI Data

March 15, 2012

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.

To contact the reporters on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net; Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

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


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