Israeli Military Says About 30 Rocket Launches At Israel Identified From Lebanon Over Last Hour; Israeli Military Responding With Artillery Fire Toward The Origin Of The Launches
Portfolio Pulse from Benzinga Newsdesk
The Israeli military has reported approximately 30 rocket launches from Lebanon towards Israel in the last hour. In response, the Israeli military is retaliating with artillery fire towards the origin of the launches.
November 06, 2023 | 3:04 pm
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NEGATIVE IMPACT
The reported rocket launches and subsequent retaliation could increase tensions in the region, potentially impacting the iShares MSCI Israel ETF (EIS).
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. Increased regional tensions and military actions could negatively impact the Israeli economy and, by extension, the performance of the ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected by the increased geopolitical tensions, although the impact is likely to be less direct and significant than for region-specific assets.
The SPDR S&P 500 ETF (SPY) tracks the S&P 500 Index, which includes a broad range of US companies. While increased geopolitical tensions can impact global markets, the direct impact on this ETF is likely to be less significant than for region-specific assets.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The United States Oil Fund (USO) could potentially see an impact due to the increased geopolitical tensions in the Middle East, a key oil-producing region.
The United States Oil Fund (USO) tracks the price of West Texas Intermediate light, sweet crude oil. Increased geopolitical tensions in the Middle East, a key oil-producing region, could potentially lead to supply disruptions and higher oil prices, which could benefit USO.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 70