Israel-Hamas War, Day 53: Ceasefire Broken As Israel Reports Hamas Attack; Bernie Sanders Condemns US 'Blank-Check' Approach
Portfolio Pulse from Piero Cingari
A ceasefire between Israel and Hamas is holding, with ongoing hostage swaps. Israel has released 150 Palestinian detainees, while Hamas has freed 50 Israeli women and children. Negotiations are intensifying to extend the truce and secure the release of all remaining hostages. Diplomatic efforts include Mossad Chief David Barnea's discussions in Doha. Bernie Sanders criticized the US's unconditional support for Israel, and the WHO warned of a health crisis in Gaza. The shekel strengthened, and domestic stocks rose, with the iShares MSCI Israel ETF (EIS) reaching its highest level since early October.
November 28, 2023 | 2:26 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) closed at its highest level since early October, likely influenced by the ceasefire between Israel and Hamas and the stability it brings to the region.
The ceasefire and ongoing hostage negotiations suggest a de-escalation of conflict, which typically improves investor confidence in regional stability and can lead to positive market reactions. The rise in the shekel and the Tel Aviv 125 index also support the positive sentiment towards Israeli assets, including EIS.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80