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Last update - 16:32 23/03/2008 TASE opens strong as traders expect BoI to cut interest rates By Haaretz Service Tags: TASE, Israel, economy  The Tel Aviv Stock Exchange opened strong on Sunday as brokers expect the Bank of Israel to drop interest rates. Stocks are also rising due to Wall Street's strong showing on Friday. The TA-25 index rose 1.9 percent early Sunday, while the TA-100 has risen 1.7 percent. On Friday, the NASDAQ and Dow Jones rose 2.2 percent after the U.S. Federal reserve said that it would loan investment companies $75 billion in order to survive the sub-prime credit crisis. Advertisement If that was not enough, the Fed also agreed to accept sub-prime mortgage backed bonds - the very bonds that led investment companies such as Bear Stearns to go bankrupt - as collateral for the hefty loans. Bank of Israel Governor Stanley Fischer is expected to drop interest rates only 0.25 percent and not 0.5 percent as was initially expected. Last week, Fischer announced that the Bank of Israel would purchase $10 billion in the next two years in order to strengthen the dollar against the shekel. In light of this decision, it appears that Fischer will no longer need to make a steep interest cut in order to strengthen the dollar. Related articles: Dollar slumps 0.5% to NIS 3.578 Editorial: Our Dutch disease Tel Aviv Stock Exchange slumps amid violence in south Bookmark to del.icio.us   Declassifying AIPAC Two former pro-Israel lobbyists charged with revealing secret info. to Israeli diplomats. Jersualem pilgrimage Christian pilgrims flock to Holy City to mark Good Friday and retrace the route of Jesus.

Today Online Hezbollah: We have proof Israel killed Mughniyah Responses: 84 Gideon Levy: Blind int'l friendship enables Israel to kill, settle Responses: 22 Editorial: Swiss gas deal with Iran a disgrace, like WWII neutrality Responses: 12 Zvi Bar'el: U.S. has turned Iraq into Iranian dependent Responses: 8 Uzi Benziman: Halakhic concepts in public discourse threaten democracy Responses: 7 Rosner's Domain U.S. govt. to appeal ruling on classified material in AIPAC trial I've known my rabbi for more than 20 years... (WTR) Poll: Mideast summit in Moscow, a good idea? There's no need for American pressure on Israel Jewish connections in the NCAA (WTR) More Headlines 16:20 Cheney, in Ramallah: Peace will require 'painful concessions' 15:56 Jerusalem official denies reported truce offer to Hamas, Jihad 14:10 PM: Israel to send back refugees who infiltrate from Sinai 15:59 Shi'ite mourners hail Mughniyah as martyr at Beirut gravesite 16:27 Top PM aide planning Web site to link Diaspora Jews with Israel 15:25 Ethiopian activist: Integration failed, separate schools needed 12:35 Christian pilgrims flock to Jerusalem to celebrate Easter 15:36 Hamas, Fatah officials in Yemen agree to revive direct talks 15:45 Israeli singer Yael Naim embraces Apple, Britney Spears for success 14:33 Saddam collected information on dozens of potential targets in Israel 16:24 Egypt frees 34 Palestinians imprisoned after border breach 16:32 TASE opens strong as traders expect BoI to cut interest rates 16:19 Man sentenced to 9 years in jail for assaulting 4 elderly women Previous Editions Select Day 21 mar 20 mar 19 mar 18 mar 17 mar 16 mar 14 mar 13 mar 12 mar 11 mar 10 mar 09 mar

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