Biden Says There Will Be Two Humanitarian Passages That Will Allow People To Flee Hostile Areas In Gaza; Israel Makes Its Own Decisions; They Have An Obligation To Distinguish Between Terrorists And Civilians And Fully Comply With International Law
Portfolio Pulse from Benzinga Newsdesk
President Biden has announced the establishment of two humanitarian passages in Gaza, allowing people to flee hostile areas. He emphasized that Israel, while making its own decisions, must distinguish between terrorists and civilians and comply with international law.
November 09, 2023 | 10:18 pm
News sentiment analysis
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NEGATIVE IMPACT
The news may impact the iShares MSCI Israel ETF (EIS) as it reflects the performance of the Israeli market.
The announcement by President Biden could potentially lead to increased scrutiny and pressure on Israel, which could impact the overall performance of the Israeli market. This, in turn, could affect the performance of the EIS ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The news may have a minor impact on the SPDR S&P 500 ETF (SPY) due to potential geopolitical risks.
While the news is primarily focused on Israel, any geopolitical risks can have a ripple effect on global markets, including the US. However, the direct impact on the SPY ETF is likely to be minor.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
The news is unlikely to have a significant impact on the United States Oil Fund (USO) as it is not directly related to oil markets.
The news is primarily focused on humanitarian and geopolitical issues in Gaza and Israel, which are not directly related to oil markets. Therefore, the impact on the USO ETF is expected to be minimal.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20