UN General Assembly Overwhelmingly Calls For Humanitarian Truce Between Israel And Hamas; Israel's UN Envoy Says UN Holds No Legitimacy Or Relevance After General Assembly Adopts Resolution On Israel-Hamas War
Portfolio Pulse from Benzinga Newsdesk
The UN General Assembly has overwhelmingly called for a humanitarian truce between Israel and Hamas. However, Israel's UN envoy has dismissed the resolution, stating that the UN holds no legitimacy or relevance after the General Assembly adopted the resolution on the Israel-Hamas war.
October 27, 2023 | 8:25 pm
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NEUTRAL IMPACT
The UN's call for a truce between Israel and Hamas could potentially impact the iShares MSCI Israel ETF (EIS), depending on how the situation evolves.
The ETF EIS, which tracks the performance of the Israeli market, could be affected by the ongoing conflict and the UN's call for a truce. However, the impact is uncertain and depends on how the situation evolves.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) is unlikely to be significantly impacted by the UN's call for a truce between Israel and Hamas.
The SPY ETF, which tracks the S&P 500, is unlikely to be significantly impacted by the UN's call for a truce between Israel and Hamas, as it is a broad-based ETF with exposure to many sectors and companies.
CONFIDENCE 85
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) is unlikely to be significantly impacted by the UN's call for a truce between Israel and Hamas.
The VGK ETF, which tracks the performance of the European market, is unlikely to be significantly impacted by the UN's call for a truce between Israel and Hamas, as it is a broad-based ETF with exposure to many sectors and companies.
CONFIDENCE 85
IMPORTANCE 20
RELEVANCE 20