Israel's Netanyahu Says We Are Preparing For Rafah Invasion, Will Take Some Time
Portfolio Pulse from Benzinga Newsdesk
Israeli Prime Minister Netanyahu announced preparations for an invasion of Rafah, indicating it will take some time. This development could have implications for regional stability and potentially affect related US-listed assets.
March 20, 2024 | 2:48 pm
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The iShares MSCI Israel ETF (EIS), which tracks the investment results of an index composed of Israeli equities, may see volatility due to increased geopolitical tensions following Netanyahu's announcement of preparations for a Rafah invasion.
Geopolitical tensions, especially involving military actions, tend to create uncertainty in financial markets. As EIS is directly tied to the performance of Israeli equities, any perceived increase in regional instability or conflict could negatively impact investor sentiment towards Israeli stocks, potentially leading to a decrease in EIS's value in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80