Israeli Military Says Significant Number Of Gazan Civilians Have Begun Moving Southward "To Save Themselves"
Portfolio Pulse from Benzinga Newsdesk
The Israeli military has reported a significant number of Gazan civilians moving southward for safety. The situation may impact the Middle East region's stability and indirectly affect related ETFs.
October 13, 2023 | 4:11 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may be indirectly affected by the reported movement of Gazan civilians due to potential instability in the region.
The reported movement of Gazan civilians may lead to increased instability in the region, which could indirectly affect the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see minor indirect effects due to potential global market reactions to the situation in Gaza.
While the SPDR S&P 500 ETF (SPY) is not directly linked to the Middle East, global market reactions to the situation in Gaza could have minor indirect effects on its performance.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The United States Oil Fund (USO) may be indirectly affected by the reported movement of Gazan civilians due to potential instability in the Middle East, a major oil-producing region.
The reported movement of Gazan civilians may lead to increased instability in the Middle East, a major oil-producing region. This could indirectly affect the performance of the United States Oil Fund (USO).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50