PM Netanyahu Said Israel's Response To Hamas Onslaught From Gaza Will Change The Middle East
Portfolio Pulse from Charles Gross
PM Netanyahu has stated that Israel's response to the Hamas onslaught from Gaza will change the Middle East. This could potentially impact the stability of the region and affect related ETFs.
October 09, 2023 | 12:28 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the ongoing conflict in the Middle East.
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. The ongoing conflict in the region could negatively impact the performance of these equities, and therefore the ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected due to its exposure to global markets.
The SPDR S&P 500 ETF (SPY) tracks the S&P 500 Index, which includes companies with significant international operations. Any major geopolitical event, such as the ongoing conflict in the Middle East, could potentially impact global markets and therefore the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be affected due to the conflict in the oil-rich Middle East region.
The United States Oil Fund (USO) tracks the price of West Texas Intermediate light, sweet crude oil. The ongoing conflict in the Middle East, an oil-rich region, could potentially disrupt oil supplies and therefore impact the price of oil and the ETF.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70