Israel-Hamas War, Day 56: Ceasefire Collapses, Fighting Resumes In Gaza After 7-Day Truce
Portfolio Pulse from Piero Cingari
The ceasefire between Israel and Hamas collapsed as fighting resumed in Gaza after a 7-day truce. Hamas violated the ceasefire by firing projectiles into Israeli territory, leading to IDF airstrikes in Gaza, resulting in at least 70 deaths. The conflict has disrupted aid and fuel entry into Gaza from Egypt. The Israeli shekel stabilized after a decline, while the iShares MSCI Israel ETF (EIS) fell 2.2%. U.S. equity futures remained flat ahead of the market opening.
December 01, 2023 | 2:35 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) fell by 2.2% following the collapse of the ceasefire between Israel and Hamas and the resumption of fighting in Gaza.
The direct mention of EIS falling 2.2% indicates a negative market reaction to the renewed conflict. The geopolitical instability in the region typically leads to increased volatility and investor caution, which can negatively impact the performance of funds related to the affected region, such as EIS.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80