Israeli PM Benjamin Netanyahu Says Cease-Fire Is A Surrender For Israel; Israel Will Fight Until Battle Is Won
Portfolio Pulse from Benzinga Newsdesk
Israeli Prime Minister Benjamin Netanyahu has stated that a cease-fire would be a surrender for Israel. This statement could potentially impact the geopolitical situation in the Middle East, which may indirectly affect the performance of certain ETFs.
October 30, 2023 | 5:37 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the geopolitical situation in Israel. Netanyahu's statement may increase tensions, potentially impacting the ETF's performance.
EIS tracks the investment results of an index composed of Israeli equities. Increased geopolitical tensions in Israel could negatively impact the performance of these equities, and by extension, EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The United States Oil Fund (USO) could be indirectly affected by geopolitical tensions in the Middle East, as these could potentially impact oil prices.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Geopolitical tensions in the Middle East can impact oil prices, which could in turn affect the performance of USO.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be indirectly affected by geopolitical tensions in the Middle East. However, the impact is likely to be minimal due to the diversified nature of this ETF.
SPY tracks the S&P 500, which includes a broad range of US equities. While geopolitical tensions can impact global markets, the diversified nature of SPY may mitigate any significant impact.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30