'Israeli army says it is 'extending ground operations tonight' in Gaza' -AFP News
Portfolio Pulse from Benzinga Newsdesk
The Israeli army has announced that it is extending its ground operations in Gaza, according to AFP News. The news may have implications for the iShares MSCI Israel Capped Investable Market Index Fund (EIS) and the SPDR S&P 500 ETF Trust (SPY).
October 27, 2023 | 5:38 pm
News sentiment analysis
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NEGATIVE IMPACT
The extension of Israeli ground operations in Gaza may lead to increased geopolitical risk, potentially affecting the performance of EIS.
Geopolitical risks can have a significant impact on the performance of country-specific ETFs. In this case, the extension of Israeli ground operations in Gaza increases the geopolitical risk, which could negatively affect the performance of EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The extension of Israeli ground operations in Gaza may increase global geopolitical risk, potentially affecting the performance of SPY.
Geopolitical risks can have a significant impact on the performance of broad market ETFs. In this case, the extension of Israeli ground operations in Gaza increases the global geopolitical risk, which could negatively affect the performance of SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60