Israel-Hamas War, Day 39: Gaza Hospitals Become Epicenter Of Fighting, Biden Calls For Patient Safeguards
Portfolio Pulse from Piero Cingari
The IDF claims that Hamas is using Gaza hospitals, including Al-Rantisi, for military purposes, which Hamas denies. President Biden and the WHO call for the protection of these hospitals amid the conflict. Israeli stocks and the shekel strengthened following a global market rally due to a softer U.S. inflation report. The Invesco DB USD Index Bullish Fund ETF (UUP) saw the U.S. dollar index drop by 1% after the inflation report.
November 14, 2023 | 4:03 pm
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The Invesco DB USD Index Bullish Fund ETF (UUP) tracks the U.S. dollar index, which fell by 1% after a softer than expected U.S. inflation report, suggesting a potential pause in Fed rate hikes.
The UUP ETF is directly impacted by movements in the U.S. dollar index. The reported decline in inflation could lead to a less aggressive monetary policy by the Fed, which typically weakens the dollar, negatively affecting UUP in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80