Israeli TV Channels Reporting At Least 900 Israelis Killed In Israel-Hamas Conflict
Portfolio Pulse from Benzinga Newsdesk
Israeli TV channels are reporting that at least 900 Israelis have been killed in the ongoing conflict between Israel and Hamas, according to Reuters. The conflict may have implications for the iShares MSCI Israel ETF (EIS), SPDR S&P 500 ETF Trust (SPY), and United States Oil Fund LP (USO).
October 09, 2023 | 5:06 pm
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POSITIVE IMPACT
The Israel-Hamas conflict may have a positive impact on the United States Oil Fund LP (USO) due to potential disruptions in oil supply from the Middle East.
The ongoing conflict in Israel could lead to disruptions in oil supply from the Middle East, which could increase oil prices and positively impact the performance of the United States Oil Fund LP (USO).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The Israel-Hamas conflict may have a neutral impact on the SPDR S&P 500 ETF Trust (SPY) as it is a broad-based ETF and not directly linked to the conflict.
The SPDR S&P 500 ETF Trust (SPY) is a broad-based ETF that is not directly linked to the Israel-Hamas conflict. Therefore, the impact on SPY is expected to be neutral.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
The Israel-Hamas conflict may negatively impact the iShares MSCI Israel ETF (EIS) due to potential instability in the region.
The ongoing conflict in Israel could lead to economic instability in the region, which could negatively impact the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100