Israel's Gallant Says Gaza Offensive Will Be Protracted, Powerful And Effect Permanent Change
Portfolio Pulse from Benzinga Newsdesk
Israel's Gallant has stated that the Gaza offensive will be protracted, powerful and effect permanent change. This could potentially impact the stability in the region and affect the performance of related stocks and ETFs.
October 13, 2023 | 11:44 am
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NEGATIVE IMPACT
The prolonged Gaza offensive could potentially impact the performance of the iShares MSCI Israel ETF (EIS).
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. The prolonged Gaza offensive could lead to instability in the region, which could negatively impact the performance of Israeli equities and, by extension, the EIS ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be indirectly affected by the prolonged Gaza offensive due to its global exposure.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 Index. While it is not directly exposed to Israeli equities, the prolonged Gaza offensive could lead to global market instability, which could indirectly impact the performance of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60