Israeli Embassy In U.S. Says Israeli Death Toll From Hamas Attack On Saturday Rises To More Than 1000; Ben Gurion Spokesperson Denies Airport Was Hit By Any Rockets, Says Operations There Continue
Portfolio Pulse from Benzinga Newsdesk
The Israeli Embassy in the U.S. has reported that the death toll from a Hamas attack on Saturday has risen to over 1000. However, a spokesperson for Ben Gurion airport has denied that the airport was hit by any rockets, stating that operations there continue as normal.
October 10, 2023 | 12:41 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected by the escalating conflict in Israel, although the impact is likely to be minimal due to the diversified nature of the ETF.
While the escalating conflict in Israel could potentially have an impact on the global economy, the diversified nature of the SPY ETF means that any impact is likely to be minimal.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
The United States Oil Fund (USO) is unlikely to be significantly affected by the escalating conflict in Israel, unless it leads to disruptions in oil supply.
The escalating conflict in Israel is unlikely to have a significant impact on the USO ETF unless it leads to disruptions in oil supply, which is not currently indicated.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 10
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the escalating conflict in Israel. However, the continued operation of Ben Gurion airport may mitigate some negative impact.
The escalating conflict in Israel is likely to have a negative impact on the Israeli economy, which could in turn affect the performance of the EIS ETF. However, the fact that Ben Gurion airport continues to operate normally may help to mitigate some of this negative impact.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100