Israel-Hamas War: Day 14 — Biden Highlights Historic Crossroads, IDF Strikes Intensify, Aid Delivery To Gaza Faces Further Delays
Portfolio Pulse from Piero Cingari
The ongoing conflict between Israel and Hamas has led to a 0.4% decline in the Israeli shekel and a 1.8% decrease in Israeli stocks as tracked by the iShares MSCI Israel ETF (NYSE:EIS). Gold, as measured by the SPDR Gold Trust (NYSE:GLD), continued its positive trend, trading at $1,975 per ounce. European stocks, particularly Germany’s DAX Index, which is tracked by the iShares MSCI Germany ETF (NYSE:EWG), were nearly 1% down.
October 20, 2023 | 1:47 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (NYSE:EIS) witnessed a 1.8% decrease due to the ongoing conflict.
The ongoing conflict in Israel has led to a decrease in the value of Israeli stocks, which is reflected in the performance of the iShares MSCI Israel ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares MSCI Germany ETF (NYSE:EWG) was nearly 1% down.
The ongoing conflict has had a negative impact on European stocks, as reflected in the performance of the iShares MSCI Germany ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Gold Trust (NYSE:GLD) continued its positive trend, trading at $1,975 per ounce.
Gold often performs well during times of global conflict as investors seek safe haven assets. This is reflected in the positive performance of the SPDR Gold Trust.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80