Israel-Hamas War, Day 34: IDF Takes Control Of Northern Gaza; UN High Commissioner Accuses Both Sides Of War Crimes
Portfolio Pulse from Piero Cingari
On the 34th day of the Israel-Hamas conflict, the Israel Defense Forces (IDF) have taken control of a Hamas stronghold in northern Gaza. The IDF has also destroyed 130 Hamas tunnel entrances since the conflict began. The Israeli shekel weakened by 0.4% after eight consecutive sessions of gains, and Israel's main stock average decreased by 0.7%. The iShares MSCI Israel ETF (NYSE:EIS) recorded its eighth consecutive session of gains, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) opened slightly negative due to rising bond yields. The SPDR S&P 500 Index Trust (NYSE:SPY) saw a marginal increase of 0.1%.
November 09, 2023 | 2:56 pm
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NEGATIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) opened slightly negative due to rising bond yields.
The iShares 20+ Year Treasury Bond ETF (TLT) opened slightly negative as a result of rising bond yields. This suggests that investors are moving away from bonds and towards riskier assets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The iShares MSCI Israel ETF (NYSE:EIS) recorded its eighth consecutive session of gains.
The ongoing conflict in Israel has not deterred the performance of the iShares MSCI Israel ETF (EIS), which has recorded gains for eight consecutive sessions. This suggests that investors remain confident in the Israeli market despite the geopolitical tensions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 Index Trust (NYSE:SPY) saw a marginal increase of 0.1%.
The SPDR S&P 500 Index Trust (SPY) saw a marginal increase, suggesting that investors remain confident in the US market despite the ongoing conflict in Israel.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100