US Working With Saudi Arabia, Egypt On Two-State Solution For Israel And Palestine
Portfolio Pulse from Natan Ponieman
The U.S. is backing a peace plan involving Saudi Arabia, Egypt, and other Arab states for a two-state solution between Israel and Palestine. The plan proposes a pathway towards a two-state solution and the return of Israeli hostages held by Hamas. The Israeli government has rejected a separate peace deal, with Prime Minister Netanyahu insisting on a total victory over Hamas. The EU and UN have called for a ceasefire and a two-state solution. The iShares MSCI Israel ETF (EIS) and the ARK Israel Innovative Technology ETF (IZRL) have both recovered from losses incurred after the October attacks, with EIS up 5% and IZRL up 1.1% on Monday.
January 22, 2024 | 9:38 pm
News sentiment analysis
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) has recovered from the losses it experienced in October following the attacks, showing resilience with a 5% increase since before the invasion. However, it saw a slight decline of 0.6% on Monday.
While the geopolitical situation may cause some volatility, the recovery of EIS suggests resilience in the face of regional conflict. The slight dip on Monday could be a reaction to the ongoing tensions, but the overall recovery indicates a neutral to positive outlook in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
The ARK Israel Innovative Technology ETF (IZRL) has shown a positive performance recently, with a 1.1% increase on Monday, indicating investor confidence in the Israeli tech sector despite regional tensions.
IZRL's positive performance, particularly the 1.1% rise on Monday, suggests that investors are optimistic about the Israeli tech sector's prospects. The ETF's resilience in the face of geopolitical issues may indicate a bullish short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80