Pentagon Spokesperson Says U.S. Was Not Notified Of Israeli Strike In Damascus Ahead Of Time
Portfolio Pulse from Benzinga Newsdesk
The Pentagon spokesperson announced that the U.S. was not informed in advance about the Israeli strike in Damascus, according to Reuters.
April 02, 2024 | 7:06 pm
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NEGATIVE IMPACT
The news about the Israeli strike in Damascus without prior U.S. notification could lead to increased geopolitical tensions, potentially affecting the performance of the iShares MSCI Israel ETF (EIS).
Given that EIS tracks the investment results of an index composed of Israeli equities, increased geopolitical tensions could deter investors, leading to a potential decrease in the ETF's value.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The news of the Israeli strike in Damascus without U.S. prior knowledge may cause short-term market volatility, affecting the SPDR S&P 500 ETF Trust (SPY) as investors react to geopolitical uncertainties.
SPY, which tracks the S&P 500, may experience short-term volatility as markets react to the unexpected geopolitical event, given its broad exposure to U.S. equities.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The unexpected Israeli strike in Damascus, not notified to the U.S. in advance, could lead to concerns over oil supply disruptions, potentially impacting the United States Oil Fund (USO).
USO, which tracks the price of West Texas Intermediate light, sweet crude oil, could be negatively impacted if geopolitical tensions lead to fears of oil supply disruptions in the Middle East.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70