Palestinian President Abbas Says We Reject Practices Related To Killing Civilians Or Abusing Them On Both Sides Because They Violate Morals, Religion And International Law
Portfolio Pulse from Benzinga Newsdesk
Palestinian President Abbas has condemned practices related to killing or abusing civilians on both sides of the conflict, stating they violate morals, religion, and international law. The statement was reported by Reuters, citing the official news agency WAFA.
October 12, 2023 | 2:01 pm
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NEUTRAL IMPACT
The statement by Palestinian President Abbas may impact the sentiment towards Israeli stocks, potentially affecting the iShares MSCI Israel ETF (EIS).
The statement by the Palestinian President could influence investor sentiment towards Israeli stocks, including those in the EIS ETF. However, the direct impact is uncertain and depends on further developments.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The statement by Palestinian President Abbas may have a minor impact on the broader market, represented by the SPDR S&P 500 ETF (SPY), due to geopolitical concerns.
Geopolitical concerns can influence the broader market, represented by SPY. However, the impact of this specific statement is likely to be minor and depends on further developments.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The statement by Palestinian President Abbas is unlikely to have a significant impact on the United States Oil Fund (USO), unless it escalates geopolitical tensions in the Middle East.
While geopolitical tensions in the Middle East can influence oil prices and thus USO, the impact of this specific statement is likely to be minor unless it escalates tensions significantly.
CONFIDENCE 60
IMPORTANCE 20
RELEVANCE 20