Netanyahu Says Israel's Counter-Offensive In Gaza 'Is Only The Beginning'
Portfolio Pulse from Benzinga Newsdesk
Israeli Prime Minister Benjamin Netanyahu has stated that the country's counter-offensive in Gaza is only the beginning. This could potentially escalate tensions in the Middle East.
October 13, 2023 | 6:29 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by escalating tensions in the Middle East due to Israel's counter-offensive in Gaza.
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. As such, any geopolitical tensions in the region, such as the current counter-offensive in Gaza, could negatively impact the performance of the ETF in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted by escalating tensions in the Middle East due to Israel's counter-offensive in Gaza.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 Index. While it is not directly linked to Israeli equities, geopolitical tensions in the Middle East could potentially impact global markets, including the S&P 500.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 60