yrian Air Defenses Launch In Response To Aerial Attacks On Airports In Damascus, Aleppo; Syria State Tv Says Israeli Attack Targets Damascus, Aleppo Airports
Portfolio Pulse from Charles Gross
Syrian air defenses have launched in response to aerial attacks on airports in Damascus and Aleppo. The attacks are reportedly from Israel, according to Syria State TV.
October 12, 2023 | 11:25 am
News sentiment analysis
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NEGATIVE IMPACT
The reported Israeli attacks on Syrian airports may lead to increased geopolitical tensions, potentially affecting the iShares MSCI Israel ETF (EIS).
Geopolitical tensions often lead to market volatility. As the attacks are reportedly from Israel, this could affect the sentiment towards Israeli assets, including the EIS ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be indirectly affected by the increased geopolitical tensions following the reported Israeli attacks on Syrian airports.
Geopolitical tensions can cause market volatility and impact broad market indices. As such, the SPY ETF, which tracks the S&P 500, could be indirectly affected.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be affected by the increased geopolitical tensions in the Middle East following the reported Israeli attacks on Syrian airports.
Geopolitical tensions in the Middle East often lead to oil price volatility. As such, the USO ETF, which tracks the price of oil, could be affected.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70