Israeli Army Says Artillery Responding To Launches From Lebanon
Portfolio Pulse from Benzinga Newsdesk
The Israeli Army has reported that it is responding to artillery launches from Lebanon. This geopolitical tension could potentially impact the performance of certain ETFs.
October 09, 2023 | 6:53 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to the increased geopolitical tension in Israel.
EIS tracks the investment results of an index composed of Israeli equities. The increased geopolitical tension in Israel could potentially lead to a decrease in the performance of Israeli equities, thus negatively impacting EIS.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted due to the increased geopolitical tension, as it may cause overall market volatility.
SPY tracks the S&P 500, which is a broad market index. Increased geopolitical tension could cause overall market volatility, which could potentially impact the performance of SPY.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be impacted due to the increased geopolitical tension, as it may cause volatility in oil prices.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Increased geopolitical tension could cause volatility in oil prices, which could potentially impact the performance of USO.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 60