NSC Coordinator For Strategic Communications John Kirby Says U.S. Is Not Walking Away From Israel; Weapons Are Still Going To Israel, They Are Getting Vast Majority Of What They Need
Portfolio Pulse from Benzinga Newsdesk
NSC Coordinator John Kirby stated the U.S. continues to support Israel, ensuring the country receives the vast majority of its needed weapons. This reaffirms the strong U.S.-Israel alliance and ongoing military support.

May 09, 2024 | 4:03 pm
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POSITIVE IMPACT
The statement by John Kirby underscores continued U.S. support for Israel, likely bolstering investor confidence in Israeli markets.
The confirmation of continued U.S. military support to Israel could lead to increased investor confidence in Israeli securities, potentially boosting the performance of EIS, an ETF focused on Israeli stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Continued U.S. support may positively impact investor sentiment towards Israeli-focused investments, including ISRA.
The reassurance of U.S. support for Israel suggests a stable geopolitical environment for Israel, potentially benefiting ISRA, an ETF that tracks the Israeli market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The reaffirmation of U.S.-Israel relations may have a neutral to slightly positive effect on SPY, reflecting broader geopolitical stability.
While the statement primarily concerns U.S.-Israel relations, broader geopolitical stability can have a neutral to slightly positive impact on global markets, including SPY, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
The statement has a neutral impact on USO, as it does not directly relate to oil markets but maintains geopolitical stability.
Although the reaffirmation of U.S. support for Israel contributes to geopolitical stability, it does not directly influence oil markets or prices, thus having a neutral impact on USO.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30