Netanyahu Tells Sunak That One Of Aims Of Oct 7 Attack By Hamas Was Destroying Israel's Regional Peace Moves; Said Gaza War Will Be Long, Israel Needs UK Support
Portfolio Pulse from Charles Gross
Israeli Prime Minister Netanyahu has informed UK Chancellor Rishi Sunak that the October 7 attack by Hamas was aimed at disrupting Israel's regional peace efforts. He also stated that the conflict in Gaza will be prolonged and that Israel requires support from the UK.

October 19, 2023 | 10:53 am
News sentiment analysis
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NEGATIVE IMPACT
The ongoing conflict in Gaza and the need for international support could impact the iShares MSCI Israel ETF (EIS).
The ETF, which tracks the performance of the Israeli market, could be negatively impacted by the prolonged conflict and the potential for international relations to be strained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be impacted if the conflict disrupts oil supply routes in the region.
The ETF, which tracks the performance of oil, could be negatively impacted if the conflict disrupts oil supply routes in the region. However, the impact is uncertain at this stage.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be influenced by the UK's response to Israel's request for support.
The ETF, which tracks the performance of the UK market, could be influenced by the UK's foreign policy decisions. However, the impact is uncertain at this stage.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see minimal impact as the conflict is regional and does not directly involve the US.
The ETF, which tracks the performance of the US market, is unlikely to be significantly impacted by the regional conflict unless it escalates to involve the US directly.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20