Israel-Hamas War Update: Netanyahu Rejects Hostage-Linked Ceasefire Talks; Yemen's Houthis Assert US Drone Take-Down
Portfolio Pulse from Piero Cingari
Reports of potential negotiations for the release of hostages in exchange for a ceasefire in Israel have been dismissed by Prime Minister Benjamin Netanyahu. In other news, Yemen's Houthi rebels claim to have shot down a US drone. The Israeli shekel strengthened by 1.3%, and Israeli-related stocks tracked by the iShares MSCI Israel ETF rose by 0.3%. The S&P 500 Index also saw a slight increase, while the iShares 20+ Year Treasury ETF rose by 1.7%.
November 08, 2023 | 10:27 pm
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POSITIVE IMPACT
The iShares MSCI Israel ETF, which tracks Israeli-related stocks, rose by 0.3%.
The rise in the ETF could be attributed to the strengthening of the Israeli shekel and the ongoing conflict in the region.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 Index, monitored through the SPDR S&P 500 ETF Trust, closed marginally in the green, up 0.07%.
The slight increase in the S&P 500 Index could be a result of overall market trends and not directly related to the news.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The iShares 20+ Year Treasury ETF rose by 1.7%, reaching heights last seen on Sept. 25.
The rise in the ETF could be a result of investors seeking safe-haven assets amid geopolitical tensions.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50