Ukraine's Zelenskiy Says It Is In Russia's Interests To Inflame War In The Middle East To Create New Sources Of Suffering And Weaken World Unity
Portfolio Pulse from Benzinga Newsdesk
Ukraine's President Zelenskiy has stated that it is in Russia's interests to inflame war in the Middle East to create new sources of suffering and weaken world unity. This could potentially impact global markets and ETFs with exposure to the region.
October 09, 2023 | 5:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted if tensions in the Middle East escalate due to Russia's actions, as suggested by Ukraine's President.
EIS tracks the investment results of an index composed of Israeli equities. Any escalation in Middle East tensions could negatively impact the Israeli market and thus EIS.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could face volatility due to potential global market instability caused by escalating tensions in the Middle East.
SPY tracks the S&P 500 index, which represents the US stock market. Any global instability caused by escalating Middle East tensions could impact the US market and thus SPY.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could face volatility due to potential global market instability caused by escalating tensions in the Middle East.
VGK tracks the FTSE Developed Europe All Cap Index, which represents the European stock market. Any global instability caused by escalating Middle East tensions could impact the European market and thus VGK.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
The United States Oil Fund (USO) could see price fluctuations if tensions in the Middle East escalate, potentially disrupting oil production and supply.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Any disruption in Middle East oil production could increase oil prices and thus USO.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 80