Operations At Rafah Crossing Between Gaza And Egypt's Sinai Peninsula Disrupted Following Nearby Strike
Portfolio Pulse from Benzinga Newsdesk
Operations at the Rafah Crossing between Gaza and Egypt's Sinai Peninsula have been disrupted due to a nearby strike, according to Reuters citing Egyptian security sources and a witness.
October 09, 2023 | 5:23 pm
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NEGATIVE IMPACT
The disruption at the Rafah Crossing could potentially impact the Egyptian economy and thus the performance of the EGPT ETF.
The Rafah Crossing is a significant point of transit between Egypt and Gaza. Any disruption could potentially impact the Egyptian economy, and by extension, the performance of the EGPT ETF, which tracks the performance of publicly traded companies in Egypt.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The disruption at the Rafah Crossing could potentially impact the Israeli economy and thus the performance of the EIS ETF.
The Rafah Crossing is a significant point of transit between Gaza and Egypt. Any disruption could potentially impact the Israeli economy, and by extension, the performance of the EIS ETF, which tracks the performance of publicly traded companies in Israel.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The disruption at the Rafah Crossing is unlikely to have a significant impact on the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is largely composed of US companies. Therefore, disruptions at the Rafah Crossing are unlikely to have a significant impact on the performance of this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The disruption at the Rafah Crossing is unlikely to have a significant impact on the USO ETF, which tracks the performance of US oil.
The USO ETF tracks the performance of US oil. Therefore, disruptions at the Rafah Crossing are unlikely to have a significant impact on the performance of this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The disruption at the Rafah Crossing is unlikely to have a significant impact on the VGK ETF, which tracks the performance of European stocks.
The VGK ETF tracks the performance of European stocks. Therefore, disruptions at the Rafah Crossing are unlikely to have a significant impact on the performance of this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20