Israel-Hamas War, Day 54: Less Than 24 Hours Available To Extend The Truce As Negotiations Enter 'Pragmatic' Phase
Portfolio Pulse from Piero Cingari
Israel and Hamas are negotiating to extend the Gaza truce as the current ceasefire nears its end. Over 150 Israeli hostages remain in Gaza, with the last group set to be released soon, along with 30 Palestinian prisoners. Negotiations have entered a 'pragmatic' phase, with Hamas indicating willingness to extend the ceasefire for an additional four days. The US is sending humanitarian aid to Gaza, and President Biden has urged for an end to the fighting. The Israeli shekel strengthened, and domestic stocks rose, with the iShares MSCI Israel ETF (EIS) rallying 1.2%.
November 29, 2023 | 3:01 pm
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POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) rallied 1.2% amid ceasefire negotiations between Israel and Hamas, indicating investor optimism.
The positive movement in the iShares MSCI Israel ETF (EIS) is likely due to investor optimism surrounding the potential extension of the Gaza truce, which could lead to increased stability in the region and a more favorable investment climate.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80