Economy

Tel Aviv will look for direction at the opening in light of uncertainty in global markets. Dual-listed chip stocks will weigh on the opening, Elbit will balance. Among those reporting today: Azrieli, Bet Shemesh Engines, and Clal Insurance. Declines in Asia led by chip stocks; New York futures are stable. Bank of America warns investors: 'Everything but bonds'. A trillion dollars in space: Goldman...

The Mexican company Braskem Idesa, which operates in the USA, has filed for bankruptcy (Chapter 11) and will reduce its massive debt from $2.5 billion to $1.6 billion.

In the second quarter of 2026, Israir Group recorded record revenue, but Operation "Lion's Roar", the strengthening of the shekel, and a jump in fuel prices made it a loss-making quarter. At the same time, the company received approval to sell tickets for direct flights to New York - the first entry of an Israeli competitor into one of the most profitable routes in the world.

The local foreign exchange market remains calm following the shekel's recent retreat. Bank of Israel Governor Amir Yaron stated that an interest rate cut at the September 1 meeting is not guaranteed.

The National Insurance Institute has announced the date for the transfer of child allowances to over one million eligible families in Israel. The updated payment amounts are provided below.

A new research report by UBS bank presents the sectors that will show an abnormal growth of about 25% in profits, and explains which stocks should be examined right now despite the fear of escalation and global inflation.

Globes presents an update on global markets. This morning, declines in Asia led by chip stocks. Futures in New York are stable, with the Fed minutes to be published this evening. In Tel Aviv, chip stocks will weigh on the opening; a record volume of shorts on the Nasdaq, while company executives are buying at a pace not seen in 15 years.

The Swiss bank Julius Baer estimates that the exclusive dominance of tech giants is nearing its end, and points to new opportunities in Europe and Asia towards the end of 2026.

Yields in the USA have crossed a worrying threshold and offer a low-risk alternative. At the Poriya investment house, they analyze the impact of geopolitical tension and identify the point at which it is worth selling dollars.

Banking and insurance led a positive turnaround in Tel Aviv after indices fell by up to 1.5%. Matrix boosted the software sector, and Aran surged following the deal with Dedi Barnea's Ondas. In the background, high oil prices and yields are weighing on the world. What to expect today?

Roi Cohen, President of the Chamber of Independent Businesses (LAHAV): "This is an action that tramples on businesses in Israel and will plunge many into a liquidity crisis." He appealed to the Minister of Finance and the Director of the Tax Authority to stop the reform immediately.

Since the beginning of the month, the shekel has strengthened against the dollar by 3%, trading again below 3 shekels. Experts attribute this trend not to the weakness of the US dollar, but to the fundamental forces of the Israeli economy.

Bank of Israel Governor Professor Amir Yaron told Bloomberg that rising uncertainty makes a September interest rate cut uncertain. While praising strong growth data, the Governor emphasized the need for caution.

Amit Gal, head of the Capital Market Authority, has questioned the involvement of the Meitav investment house in the company Orion. This move has sparked a debate over the limits of institutional activism and the balance between protecting savers and market structure.

Psagot, which manages 47,000 independent trading accounts, reveals the preferences of the private traders operating through it. They love the S&P 500 and TA-125 indices, technology stocks, banks, and Bitcoin funds. What other investments do they prefer in Israel and abroad?

US 30-year government bond yields have surged to 5.3%, offering a safe alternative to stocks. Experts analyze why this growth may signal a market storm and how it will impact Israeli borrowers.

A stormy trading day on Wall Street ended with sharp declines, with the semiconductor sector taking the hardest hit. Markets are under pressure due to rising bond yields, oil prices, and geopolitical tensions.

Chinese company "Sea Legend" has launched a weekly container service through the Arctic Ocean. The route shortens shipping times between China and the UK, bypassing the troubled Bab el-Mandeb Strait.

Mor Investment House reported revenues of 610.1 million shekels, a 27% increase year-on-year. Net profit attributable to the parent company reached 88.2 million shekels, with management announcing a 40 million shekel dividend distribution.

The deficit in the National Insurance Institute already stands at billions of shekels, and forecasts indicate that the institution may face a shortage of resources as early as 2029. Economic commentator Matan Hodorov warns: "If we do nothing, in the end, none of us will enjoy social security." So what steps are on the table, and who might have to pay more?

Psagot economists analyze the unusual growth in the second quarter of the year, explain what caused the jump in private consumption, and warn about the dramatic decision expected in the US regarding the interest rate level.

The server farm provider, operating from Alon Towers, leases facilities and space to cloud giants and has become a market leader. The stock has surged, but Michael Burry claims that accounting calculations make it look too good.

Mega Or has hired former Noga CEO Sami Turgeman as a consultant, while the Electricity Authority has halted the distribution of licenses for data centers and is re-examining the criteria. At the center of the uncertainty: the company's request for a 1-gigawatt connection at the Alliance complex in Hadera.

A change in Mekorot's compensation mechanism is escalating tensions between the Water Authority, Mekorot, and the Government Companies Authority. The Government Companies Authority and Mekorot argue that the change will weaken the company's financial position, while the Water Authority claims it improves cash flow.

The Tel Aviv Stock Exchange ended the session with gains in its two main indices. The TA-35 index rose by 0.04% to 4,176.34 points, while the TA-125 index climbed 0.36% to 4,040.87 points.

The shopping center group Big closed the first half of 2026 with revenue of 1.37 billion shekels, while net profit fell by about 9% compared to last year. Rental fees in Ashdod grew significantly in the second quarter, and the fire in Petah Tikva, according to the company, will not affect the 2029 opening schedule.

The non-bank credit company Michlal Mimun reports a strong second quarter of 2026 with a net profit of 17.5 million shekels and outlines plans to expand its support portfolio by hundreds of millions of shekels.

An investment apartment can provide rent and appreciation, but requires high capital, maintenance, and taxation. Investing in a stock portfolio provides liquidity and good returns over time, but taxation on profits is higher.

Water company Mekorot reported a 291% surge in net profit to 243 million shekels for Q2 2026. However, the company warns it may halt new development projects due to an ongoing dispute with the Water Authority.

The Israeli economy must abandon the habit of waiting for stability after every crisis. Uncertainty has become the new norm, requiring a shift in management strategies and state policy.

The fashion chain from the Castro-Hoodies group recorded a 70% jump in net profit to 30.6 million shekels and approved a 30 million shekel dividend. Despite improved margins, the stock, with a market cap of 1.03 billion shekels, has fallen by 15% year-to-date.

In the central bank's blog, economists warned that a significant pullback in tech stocks is a plausible scenario that could threaten financial stability on the continent. Meanwhile, analysts are only raising their forecasts for the US stock market, in light of the strong second-quarter earnings season.

The Nasdaq stock exchange intends to extend trading hours in the US to nearly 23 hours, five days a week. The move is designed to meet the growing global demand for US stocks.

Nike remains one of the world's most prominent corporations, but a 78% drop from its all-time high prompts investors to examine whether the current price presents a genuine investment opportunity.

The FFO of the company, managed by Hay Galis, rose by 6.8% in the half-year to approximately 532 million shekels, occupancy rates in Israel are touching 100%, and the company is pushing forward a series of new "Big Fashion" complexes. What is hidden behind the numbers and why is it important for your pension?

Three years after an unsuccessful attempt to take control of Petrochemicals, businessman Michael Bobrov sold his 18% stake in the company for 107 million shekels. The transaction was executed at a discount of over 20% to the market price.

The Druze riots occurred at the Aran project last May. The heavy economic loss caused to Energix led the parent company, Alony Hetz, to record a loss attributable to shareholders of 178 million shekels. In addition, in the second quarter, Alony Hetz recorded an impairment of 188 million shekels due to a reduction in the value of land for development in England held by Brockton Everlast.

Dalia Energy has secured approval from the Electricity Authority for the financial closing of the Eshkol Avshal project in Ashdod. Bank Hapoalim will serve as the senior debt arranger for the 5.2 billion shekel project.

The holding company's quarterly loss was primarily driven by accounting write-downs in the British Brockton Everlast and Energix, while operational results of held companies rose by 14%. The stock trades at 30 shekels against a Net Asset Value (NAV) of 42.5 shekels. Is the discount justified?

Tel Aviv closed in the red as Mizrahi Tefahot disappointed and dragged the banks down, but Maytronics surged on reports of talks for FIMI to enter. On Wall Street, oil jumped and yields are at a 19-year high. What is expected today?