President Biden From Tel Aviv Says There Is An Agreement With Israel To Allow Humanitarian Aid To Move From Egypt To Gaza; Reiterates Support For Two-State Solution
Portfolio Pulse from Benzinga Newsdesk
President Biden has announced an agreement with Israel to allow humanitarian aid to move from Egypt to Gaza. He also reiterated his support for a two-state solution.
October 18, 2023 | 2:22 pm
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NEUTRAL IMPACT
The agreement between President Biden and Israel could potentially impact the iShares MSCI Israel ETF (EIS).
The agreement could potentially lead to a more stable political environment in Israel, which could indirectly benefit the ETF. However, the direct impact on the ETF's performance is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The agreement between President Biden and Israel is unlikely to have a significant impact on the SPDR S&P 500 ETF (SPY).
The agreement is primarily focused on the Middle East and is unlikely to have a significant impact on the broader US market, which the SPY ETF tracks.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 30