Israel's Foreign Ministry Claims Missiles And Drones That Hit Egypt Earlier On Friday Were Launched By Houthis At Israel
Portfolio Pulse from Benzinga Newsdesk
Israel's Foreign Ministry has reported that missiles and drones that hit Egypt on Friday were launched by Houthis at Israel. The impact on US-listed ETFs EIS (iShares MSCI Israel ETF) and SPY (SPDR S&P 500 ETF Trust) is uncertain.
October 27, 2023 | 6:31 pm
News sentiment analysis
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NEUTRAL IMPACT
The news may have a limited impact on the SPDR S&P 500 ETF Trust (SPY) due to its broad market exposure.
Given the broad market exposure of the SPY ETF, the impact of the missile attacks on Israel is likely to be limited unless the situation escalates significantly.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The news of missile attacks may create uncertainty and volatility for the iShares MSCI Israel ETF (EIS).
The missile attacks on Israel could lead to increased geopolitical tensions and uncertainty, which may negatively impact the performance of the EIS ETF in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80