[HIGHLIGHTS] The stock market closed with gains, but the market fears: "the risk of a downgrade and a drop in the shekel exchange rate is increasing"

The stock market closed today with slight price increases, with TA 35 and TA 125 rising by about 0.3%. Bank Hapoalim economists estimate that the long-term impact on the markets is likely to be negative.

Inflation is expected to be higher than expected and the chance of interest rate drops has decreased. The longer the deficit turns out to beHigher than planned, and the longer the fighting in Gaza continues, the higher the chances of a debt rating. The exchange rate of the shekel against the dollar fell in the past week to the level of 3.77 shekels per dollar. It is possible that airlines will not renew the routes to Israel in the near future, which will determine the high flight prices. The Bank of Israel's research division still estimates that a year from today the interest rate will be 3.75%. In Europe, the Eurostox index fell by 1.2% and the DAX index in Germany 1.4%. In Asia, the Nikkei index in Japan rose by 2.4%, and the CSI index in China fell by 2 6%.