Israel's UN Envoy Says 'Only Way To Destroy Hamas Is To Root Them Out Of Their Tunnels And Their Subterranean City Of Terror'; Says Vote Shows Majority Of International Community Prefers To Support 'Defense Of Nazi Terrorists' Instead Of Israel
Portfolio Pulse from Benzinga Newsdesk
Israel's UN envoy has criticized the international community for supporting Hamas, stating that the only way to destroy the organization is to root them out of their tunnels and subterranean city of terror. The envoy's comments suggest a potential escalation in the conflict.
October 27, 2023 | 8:26 pm
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NEGATIVE IMPACT
The escalating conflict and potential international backlash could negatively impact the iShares MSCI Israel ETF (EIS).
EIS tracks the investment results of an index composed of Israeli equities. The escalating conflict and potential international backlash could negatively impact the Israeli economy and, by extension, the performance of EIS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The escalating conflict could potentially impact the SPDR S&P 500 ETF (SPY) due to potential geopolitical risks.
SPY tracks the S&P 500 index, which includes companies with significant international exposure. The escalating conflict could introduce geopolitical risks that could impact the overall market and, by extension, the performance of SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The escalating conflict could potentially impact the Vanguard FTSE Europe ETF (VGK) due to potential geopolitical risks.
VGK tracks the FTSE Developed Europe All Cap Index, which includes companies from developed European countries. The escalating conflict could introduce geopolitical risks that could impact the European market and, by extension, the performance of VGK.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50