'They Are Like ISIS': Netanyahu, Blinken Unite Against Hamas As IMF Monitors Oil Market Impact
Portfolio Pulse from Piero Cingari
Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Antony Blinken have united against Hamas, comparing the group to ISIS. The US has sent the first shipments of military support to Israel. The Israeli Air Force has launched strikes on over 70 targets in the Gaza Strip. The International Monetary Fund (IMF) is monitoring the situation and its impact on the global economy, particularly oil markets. The Israeli shekel is down 0.3% against the dollar, and the TA-125, Israel’s major stock market index, was down 0.2%. The iShares MSCI Israeli ETF (NYSE:EIS) fell 1.5%.
October 12, 2023 | 12:50 pm
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The iShares MSCI Israeli ETF (EIS) fell 1.5% amid the ongoing Israel-Hamas conflict and the resulting global economic concerns.
The ongoing conflict between Israel and Hamas is causing uncertainty in the global economy, particularly in oil markets. This uncertainty, coupled with the direct impact of the conflict on Israel, is likely causing investors to pull back from Israeli assets, including the iShares MSCI Israeli ETF (EIS).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100