Israel, Hamas Reach Landmark Agreement After 47 Days Of Bloodshed: 4-Day Ceasefire, Hostage Release
Portfolio Pulse from Piero Cingari
Israel and Hamas have reached an agreement to release around 50 hostages in exchange for 150 Palestinian prisoners, with a four-day ceasefire and potential for further releases. The deal includes pauses in fighting and drone flights. U.S. President Biden and Secretary of State Blinken welcomed the deal, emphasizing continued efforts for the release of all hostages. The UN also supports the agreement. Israeli stocks rallied, with the Tel Aviv 125 index up 1.8% and the iShares MSCI Israel ETF (EIS) closing 0.3% higher.
November 22, 2023 | 3:06 pm
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The iShares MSCI Israel ETF (EIS) closed 0.3% higher following the announcement of the Israel-Hamas agreement, marking its fourth consecutive day of gains.
The positive market reaction to the Israel-Hamas agreement, as evidenced by the rally in Israeli stocks, suggests investor optimism. This sentiment is likely to support the short-term performance of EIS, which tracks Israeli stocks and could benefit from the improved geopolitical situation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80