Hamas Official In Beirut Says Again, Negotiations On Hostage Exchange Are Off The Table Until Israel Stops Its War On Gaza; We Are Open To Qatari, Egyptian Initiatives On A Hostage Exchange That Would Stop The War In Gaza
Portfolio Pulse from Benzinga Newsdesk
A Hamas official in Beirut stated that negotiations for a hostage exchange with Israel are not an option until Israel ceases its military actions in Gaza. However, Hamas is open to considering initiatives from Qatar and Egypt that aim to facilitate a hostage exchange and bring an end to the conflict in Gaza.
December 18, 2023 | 5:37 pm
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) may experience indirect effects from the news due to increased global geopolitical tensions, but the impact is likely to be minimal as the ETF is diversified across various sectors and not heavily weighted towards the Middle East.
While SPY, which tracks the S&P 500, may be influenced by global geopolitical events, its diversified portfolio across various sectors and companies reduces the direct impact of regional conflicts like the one in Gaza. Therefore, any potential impact on SPY's price is expected to be limited and short-lived.
CONFIDENCE 65
IMPORTANCE 20
RELEVANCE 30
NEGATIVE IMPACT
The news of halted negotiations for a hostage exchange due to the ongoing conflict in Gaza may negatively impact the iShares MSCI Israel ETF (EIS), as it adds to the geopolitical risks associated with investing in Israeli assets.
The ETF EIS, which tracks the investment results of an index composed of Israeli equities, is likely to be sensitive to geopolitical events in the region. The news of halted negotiations and ongoing conflict may increase uncertainty and risk aversion among investors, potentially leading to a short-term negative impact on EIS's price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The United States Oil ETF (USO) could see some volatility due to the news, as Middle East tensions can affect oil prices. However, the direct impact on USO may be moderate unless the conflict escalates significantly and affects oil production or transportation.
USO, which tracks the daily price movements of West Texas Intermediate light, sweet crude oil, is often sensitive to geopolitical developments in oil-rich regions like the Middle East. The current conflict and halted negotiations could lead to concerns about stability in the region, potentially causing short-term volatility in oil prices and thus impacting USO.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50