Israel's Military Says Currently Striking Hezbollah Targets In Lebanon
Portfolio Pulse from Benzinga Newsdesk
Israel's military is currently striking Hezbollah targets in Lebanon, according to Reuters. This could potentially impact the stability in the region and affect related ETFs.
November 06, 2023 | 5:15 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the ongoing military strikes in Lebanon by Israel's military. The instability in the region could potentially impact the ETF's performance.
The iShares MSCI Israel ETF (EIS) tracks the investment results of an index composed of Israeli equities. The ongoing military strikes in Lebanon by Israel's military could potentially impact the stability in the region and thus, the performance of the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be affected by the ongoing military strikes in Lebanon by Israel's military. The global market volatility could impact the ETF's performance.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 Index. The ongoing military strikes in Lebanon by Israel's military could potentially increase global market volatility and thus, impact the performance of the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be affected by the ongoing military strikes in Lebanon by Israel's military. The instability in the region could impact oil prices and thus, the ETF's performance.
The United States Oil Fund (USO) tracks the price of West Texas Intermediate light, sweet crude oil. The ongoing military strikes in Lebanon by Israel's military could potentially impact the stability in the region and thus, oil prices and the performance of the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70