White House Says Biden Spoke Friday With Prime Minister Benjamin Netanyahu Of Israel; Biden, Israel PM Discussed Follow-Up From President's Visit To Israel, Including Plans To Begin Moving Humanitarian Assistance Into Gaza From Egypt
Portfolio Pulse from Benzinga Newsdesk
President Biden had a discussion with Prime Minister Benjamin Netanyahu of Israel on Friday. The conversation included plans to start moving humanitarian assistance into Gaza from Egypt, following up from the President's visit to Israel.
October 20, 2023 | 7:32 pm
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NEUTRAL IMPACT
The discussion between President Biden and Prime Minister Netanyahu could potentially impact the iShares MSCI Israel ETF (EIS), depending on the outcome of the humanitarian aid plans.
The ETF EIS tracks the investment results of an index composed of Israeli equities. Any significant political developments, such as the discussed humanitarian aid plans, could potentially influence the performance of the Israeli market and, consequently, the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The S&P 500 ETF (SPY) is unlikely to be directly impacted by the discussion between President Biden and Prime Minister Netanyahu, as it is a broad market index fund.
The SPY ETF tracks the S&P 500, a broad market index. While geopolitical events can have a general impact on the market, this specific discussion is unlikely to have a direct, significant impact on the ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20