White House's Kirby Says Two Humanitarian Corridors Will Allow People To Flee Hostilities In Gaza; U.S. Remains Concerned Hamas Will Prevent People From Fleeing
Portfolio Pulse from Benzinga Newsdesk
The White House's Kirby announced that two humanitarian corridors will be established to allow people to flee hostilities in Gaza. The U.S. remains concerned that Hamas will prevent people from fleeing.
November 09, 2023 | 3:32 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see minor impacts due to the geopolitical situation in Gaza, as it reflects the broader market.
The SPY ETF, which tracks the S&P 500 index, may see minor impacts due to the geopolitical situation in Gaza. However, as it reflects the broader market, the specific situation in Gaza is likely to have a limited direct impact.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The establishment of humanitarian corridors in Gaza may impact the iShares MSCI Israel ETF (EIS) due to potential geopolitical instability.
The ETF EIS, which tracks the investment results of an index composed of Israeli equities, may be negatively impacted due to the geopolitical instability in the region. The establishment of humanitarian corridors indicates ongoing conflict, which can deter investment.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80