Israel-Hamas War: Day 18 — France Calls For Expanded Coalition, IDF Seeks Information On Hostages
Portfolio Pulse from Piero Cingari
The ongoing Israel-Hamas conflict has entered its 18th day, with France proposing an expanded international coalition against Hamas. The IDF is seeking information on hostages held by Hamas. The conflict has potential global economic implications, as warned by the World Bank president. Market reactions show a surge in global equities, with S&P 500 Index futures gaining 0.4%. The SPDR DJ Euro STOXX 50 ETF (FEZ) rose by 0.5%, while the iShares MSCI Israel ETF (EIS) declined by 0.5%. The Invesco DB USD Index Bullish Fund ETF (UUP) increased by 0.3%.
October 24, 2023 | 1:04 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) experienced a 0.5% decline due to the ongoing Israel-Hamas conflict.
The ongoing conflict in Israel has directly impacted the Israeli market, as represented by EIS, leading to a 0.5% decline. This is likely due to investor concerns about the potential economic impact of the conflict on Israel.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR DJ Euro STOXX 50 ETF (FEZ) rose by 0.5% amidst the ongoing Israel-Hamas conflict.
The ongoing conflict has led to market volatility, but the European market, as represented by FEZ, has shown resilience with a 0.5% increase. This could be due to investors' confidence in the European market's ability to withstand such geopolitical tensions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Invesco DB USD Index Bullish Fund ETF (UUP) showed a slight 0.3% increase following three consecutive sessions of losses.
Despite the ongoing geopolitical tensions and previous losses, the U.S. dollar, as tracked by UUP, has shown a slight increase. This could be due to investors seeking safe-haven assets amidst the volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60