Israeli Prime Minister Benjamin Netanyahu pledged to build new homes in the West Bank settlement of Beit El in an effort to defuse a political furor sparked by the court-ordered relocation of other settlers.
EQUITY MOVERS: * D. Medical Industries Ltd. (DMED IT) the developer of drug delivery devices said a unit signed a non-exclusive agreement with an undisclosed party for the distribution of its Spring Universal Infusion Sets in the U.S. * Scailex Corp. (SCIX IT), the mobile phone investor, said Moody’s Midroog lowered its bonds to Caa3 from Baa1, keeping the rating on the watchlist with a negative outlook. MARKETS: * The TA-25 Index gained 1.3 percent to 1,069.64 yesterday. * The yield on the Mimshal Shiklit government bonds due January 2022 rose three basis points to 4.41 percent. * The shekel strengthened 0.1 percent to 3.8784 a dollar at 8:24 a.m. in Tel Aviv. * Corn for July delivery added 0.2 percent to $5.8750 a bushel. * Crude oil for July delivery gained 0.4 percent to $85.36 a barrel. * Gold for immediate delivery increased 0.2 percent to $1,621.82 an ounce.