White House's Kirby Says We're Running Out Of Runway On Ability To Support Israel And Ukraine Using Existing Appropriations
Portfolio Pulse from Benzinga Newsdesk
White House's Kirby has stated that the ability to support Israel and Ukraine using existing appropriations is running out. This could potentially impact the financial markets and specific ETFs related to these regions.
October 11, 2023 | 6:19 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could experience some volatility due to potential geopolitical uncertainties.
SPY tracks the S&P 500 index, which could be influenced by geopolitical uncertainties. However, the direct impact might be limited as the index is diversified across many sectors and companies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to potential decrease in US support.
EIS tracks the investment results of an index composed of Israeli equities. Any decrease in US support could potentially impact the Israeli economy and thus the performance of EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted due to potential decrease in US support for Ukraine.
VGK tracks the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. Any decrease in US support for Ukraine could potentially impact the European economy and thus the performance of VGK.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70