Netanyahu's Likud Party Says 'Big Steps' Made Towards Forming Unity Government
Portfolio Pulse from Benzinga Newsdesk
The Likud party, led by Netanyahu, has announced that significant progress has been made towards forming a unity government. This political development could have implications for various US-listed ETFs that are exposed to Israel's economy and politics.
October 10, 2023 | 4:15 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by the political developments in Israel, as it tracks the investment results of an index composed of Israeli equities.
The EIS ETF is directly exposed to the Israeli market. Any significant political developments in the country could influence the performance of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see minor indirect effects from the political developments in Israel, given its broad exposure to global markets.
While the SPY ETF is not directly exposed to the Israeli market, global political developments can have ripple effects on broad market indices.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The United States Oil Fund (USO) is unlikely to be significantly impacted by the political developments in Israel, unless they lead to major changes in the Middle East's geopolitical landscape.
The USO ETF is primarily influenced by oil prices, which are more directly affected by geopolitical developments in major oil-producing regions rather than Israel specifically.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 20