Syrian State Media Says Israel Carries Out Air Strike Targeting Military Sites In Southern Syria
Portfolio Pulse from Benzinga Newsdesk
According to Syrian state media, Israel has conducted an air strike on military sites in southern Syria. The potential impact on US-listed ETFs EIS (iShares MSCI Israel ETF) and SPY (SPDR S&P 500 ETF Trust) is uncertain.
November 08, 2023 | 8:53 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the reported Israeli air strike in Syria due to potential geopolitical risks.
The reported Israeli air strike in Syria could increase geopolitical risks in the region, which may negatively impact the performance of the EIS ETF, which tracks the investment results of an index composed of Israeli equities.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could potentially be affected by the reported Israeli air strike in Syria due to potential global market volatility.
The reported Israeli air strike in Syria could increase global market volatility, which may negatively impact the performance of the SPY ETF, which tracks the S&P 500 Index.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 60