White Houses Kirby Says U.S. Assesses Hamas Using Al Shifa As Command Center And Possibly As A Storage Facility
Portfolio Pulse from Benzinga Newsdesk
The White House's John Kirby has stated that the U.S. believes Hamas is using the Al Shifa medical facility as a command center and possibly as a storage facility for military purposes, according to Reuters.
November 16, 2023 | 3:40 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience indirect effects due to increased geopolitical risks stemming from the U.S. assessment of Hamas' activities.
While SPY is diversified and reflects the broader U.S. market, increased geopolitical tensions can lead to market-wide volatility, albeit with a less direct impact on SPY.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The news about Hamas using Al Shifa as a military facility could increase tensions in the region, potentially affecting the performance of the iShares MSCI Israel ETF (EIS).
The assessment by the U.S. could lead to increased geopolitical tensions in the Middle East, which may negatively affect the Israeli market and consequently the EIS ETF that tracks it.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The United States Oil Fund (USO) could see price fluctuations if the situation in the Middle East escalates, affecting oil supply and market stability.
Middle East tensions often correlate with oil market volatility. The U.S. assessment may raise concerns about stability in the region, which could affect oil prices and USO's performance.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50