Hezbollah Fires On North Israel
Portfolio Pulse from Benzinga Newsdesk
Hezbollah has reportedly fired on North Israel, according to Reuters citing two security sources. The news 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 | 6:34 pm
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POSITIVE IMPACT
The United States Oil Fund LP (USO) could potentially benefit from increased geopolitical tensions in the Middle East.
Geopolitical tensions in the Middle East often lead to increased oil prices, which could benefit the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) could experience some volatility due to geopolitical tensions.
While the ETF is not directly tied to the Israeli market, geopolitical tensions can cause overall market volatility.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to the security situation in Israel.
The ETF is directly tied to the performance of the Israeli market, which could be negatively affected by the security situation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80