White House Says President Biden Will Be Speaking With Several Of Close Allies About Latest Developments In Israel
Portfolio Pulse from Benzinga Newsdesk
President Biden is set to discuss the latest developments in Israel with several close allies, according to the White House. The outcome of these discussions could potentially impact various ETFs.
October 09, 2023 | 5:17 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by the discussions on Israel's situation.
As EIS is an ETF that tracks the investment results of an index composed of Israeli equities, any significant developments in Israel could potentially affect its performance.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected by the geopolitical discussions.
As SPY tracks the S&P 500, which includes companies with global operations, geopolitical developments could indirectly affect its performance.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The United States Oil Fund (USO) could potentially be influenced by the discussions on Israel.
As USO tracks the price of West Texas Intermediate light, sweet crude oil, geopolitical developments in the Middle East could potentially affect oil prices and thus USO's performance.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could potentially be affected by the geopolitical discussions.
As VGK tracks the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe, geopolitical developments could indirectly affect its performance.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60