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
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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
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