Israel Initiates Major Operation In West Bank's Jenin, Palestinians Report 9 Fatalities
Portfolio Pulse from Natan Ponieman
Israel has launched a major operation in the West Bank's city of Jenin, resulting in nine reported fatalities and 50 injuries. This operation is one of the most extensive in over two decades and is aimed at confronting a new generation of militants. Despite the escalation, ETFs following the Israeli economy, including Ishares Msci Israel ETF (EIS), Ark Israel Innovative Technology ETF (IZRL), and BlueStar Israel Technology ETF (ITEQ), showed minimal volatility.
July 03, 2023 | 6:58 pm
News sentiment analysis
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POSITIVE IMPACT
Ishares Msci Israel ETF (EIS) was up 0.1% on Monday despite the escalating conflict in the West Bank.
The ETF's performance indicates that investors are not significantly concerned about the impact of the conflict on the broader Israeli economy. However, continued escalation could potentially affect investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BlueStar Israel Technology ETF (ITEQ) was up 0.3% on Monday despite the escalating conflict in the West Bank.
The ETF's performance indicates that investors are not significantly concerned about the impact of the conflict on Israel's technology sector. However, continued escalation could potentially affect investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Israel Innovative Technology ETF (IZRL) was down 0.45% on Monday amidst the escalating conflict in the West Bank.
The ETF's performance indicates that investors may be slightly concerned about the impact of the conflict on Israel's innovative technology sector. Continued escalation could potentially affect investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70