World Court To Hold Public Hearings On Legal Consequences Arising From Israel Occupation Of Palestinian Territory In Feb 2024
Portfolio Pulse from Benzinga Newsdesk
The World Court has announced that it will hold public hearings on the legal consequences arising from Israel's occupation of Palestinian territory in February 2024.
October 23, 2023 | 4:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see indirect effects from the World Court's hearings due to potential shifts in global geopolitical dynamics.
While the hearings are not directly related to the U.S. or the companies in the S&P 500, shifts in geopolitical dynamics can influence global markets and, therefore, the performance of the SPY ETF.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The United States Oil Fund (USO) could be affected by the World Court's hearings due to potential impacts on Middle East stability and oil prices.
The hearings could potentially impact stability in the Middle East, which is a major oil-producing region. Any significant changes in the region's stability could influence oil prices and, therefore, the performance of the USO ETF.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) may see indirect effects from the World Court's hearings due to potential shifts in global geopolitical dynamics.
While the hearings are not directly related to Europe or the companies in the FTSE Europe Index, shifts in geopolitical dynamics can influence global markets and, therefore, the performance of the VGK ETF.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The upcoming World Court hearings on Israel's occupation of Palestinian territory may impact investor sentiment towards the iShares MSCI Israel ETF (EIS).
The World Court's hearings could lead to legal consequences for Israel, which may negatively impact the country's economy and, by extension, the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80