Mahmoud Abbas Cancels His Planned Meeting With President Biden
Portfolio Pulse from Benzinga Newsdesk
Mahmoud Abbas, the President of the Palestinian Authority, has cancelled his planned meeting with US President Joe Biden. No specific reasons were given for the cancellation.
October 17, 2023 | 6:59 pm
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NEUTRAL IMPACT
The cancellation of the meeting between Mahmoud Abbas and President Biden may create uncertainty in the Middle East, potentially affecting the iShares MSCI Israel ETF (EIS).
The cancellation of the meeting could lead to increased tensions in the Middle East, which could affect the performance of the iShares MSCI Israel ETF (EIS). However, the direct impact is uncertain as the reasons for the cancellation were not specified.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The cancellation of the meeting between Mahmoud Abbas and President Biden may have indirect effects on the broader market, represented by the SPDR S&P 500 ETF (SPY).
The cancellation of the meeting could lead to increased geopolitical tensions, which could indirectly affect the broader market and the performance of the SPDR S&P 500 ETF (SPY). However, the direct impact is uncertain as the reasons for the cancellation were not specified.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30