'Israeli military has 'green light' to move into Gaza, official says' -ABC News
Portfolio Pulse from Benzinga Newsdesk
The Israeli military has been given the 'green light' to move into Gaza, according to an official statement. This development could escalate the ongoing conflict in the region.
October 19, 2023 | 6:36 pm
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NEGATIVE IMPACT
The escalation of conflict in Israel could negatively impact the iShares MSCI Israel ETF (EIS), which tracks the investment results of an index composed of Israeli equities.
The iShares MSCI Israel ETF (EIS) is directly exposed to the Israeli market. An escalation of conflict in the region could lead to instability and negatively impact the performance of Israeli equities, and consequently, the EIS ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted by the escalation of conflict in Israel, although the effect is likely to be less direct and significant compared to EIS.
The SPDR S&P 500 ETF (SPY) tracks the S&P 500 Index, which includes companies with global operations that could be indirectly affected by geopolitical events. However, the impact on SPY is likely to be less direct and significant compared to EIS.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50