Israel-Hamas War, Day 52: Hopes Rise For Truce Extension, Elon Musk Meets Netanyahu In Israel
Portfolio Pulse from Piero Cingari
Talks of extending the truce between Israel and Hamas are underway, with international support. 58 hostages have been released, and the fate of additional American hostages in Gaza is uncertain. Elon Musk visited an Israeli kibbutz attacked by Hamas and agreed not to activate Starlink over Gaza without Israel's approval. Israeli stocks are slightly down, while the shekel is up. The iShares MSCI Israel ETF (EIS) is expected to resume trading after a four-week winning streak.
November 27, 2023 | 2:36 pm
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The iShares MSCI Israel ETF (EIS) is set to resume trading after the Black Friday weekend, following a four-week winning streak and reaching levels not seen since before the Oct. 7 Hamas attack.
The iShares MSCI Israel ETF (EIS) is likely to see continued investor interest as it resumes trading after a positive streak. The slight dip in Israeli stocks may not significantly impact the ETF's performance, which has been strong despite recent regional tensions. The ETF's recent surge suggests positive sentiment that could persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80