State Dept. Says Concerned About The Possibility Of Conflict Moving From Gaza To North, To Southern Lebanon
Portfolio Pulse from Benzinga Newsdesk
The US State Department has expressed concern about the possibility of conflict moving from Gaza to North, to Southern Lebanon. This geopolitical tension could potentially impact the market.
October 23, 2023 | 6:10 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the potential shift of conflict from Gaza to Southern Lebanon.
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. Any geopolitical tension in the region, such as a potential shift of conflict from Gaza to Southern Lebanon, could negatively impact the Israeli market and thus the performance of EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected by the geopolitical tension in the Middle East.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 Index. Geopolitical tensions, such as the potential shift of conflict from Gaza to Southern Lebanon, can cause market uncertainty and volatility, which could negatively impact the performance of SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60