Roadside Bomb Blast Targets A Joint U.S.-Iraqi Military Convoy Near Iraq's Mosul, No Casualties
Portfolio Pulse from Benzinga Newsdesk
A roadside bomb blast targeted a joint U.S.-Iraqi military convoy near Iraq's Mosul, with no casualties reported, according to Reuters citing security sources.
November 09, 2023 | 4:44 pm
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NEGATIVE IMPACT
The bomb blast near Mosul may increase geopolitical tensions, potentially affecting the iShares MSCI Israel ETF (EIS).
Geopolitical tensions in the Middle East often lead to increased market volatility. As EIS tracks the investment results of an index composed of Israeli equities, it may be indirectly affected by these tensions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The bomb blast near Mosul may increase geopolitical tensions, potentially affecting the SPDR S&P 500 ETF (SPY).
Geopolitical tensions can lead to increased market volatility and impact global indices. As SPY tracks the S&P 500, it may be indirectly affected by these tensions.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 40
NEGATIVE IMPACT
The bomb blast near Mosul may increase geopolitical tensions, potentially affecting the United States Oil Fund (USO).
Geopolitical tensions in the Middle East can impact oil prices due to the region's significant oil production. As USO tracks the price of West Texas Intermediate light, sweet crude oil, it may be affected by these tensions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60