Hamas Set To Release 50 Hostages In Exchange For 4-Day Ceasefire, More Than 100 Palestinian Prisoners: 'Things Are Looking Good' Biden Says
Portfolio Pulse from Piero Cingari
Israel is close to finalizing a deal with Hamas for the release of 50 hostages in exchange for a 4-day ceasefire and the release of about 140 Palestinian prisoners. The deal has the support of the IDF, Shin Bet, and Mossad, and excludes prisoners convicted of murder. The ceasefire includes a halt to Israeli UAV activities in Gaza for six hours daily. The deal's implementation awaits cabinet approval and potential High Court appeals. Netanyahu insists on continued military operations post-deal, while Biden expresses cautious optimism. Israeli stocks, including the iShares MSCI Israel ETF (EIS), saw a slight uptick following the news.
November 21, 2023 | 10:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) closed up 0.1% on Tuesday, indicating a positive market reaction to the potential Israel-Hamas deal.
The slight increase in EIS's price reflects investor optimism towards the potential ceasefire and hostage deal between Israel and Hamas. The news suggests a de-escalation of tensions, which can be favorable for regional stability and, consequently, for the performance of Israeli stocks. However, the impact is modest, indicating that while the news is positive, it may not have a strong influence on the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70