All Eyes On Rafah As Israeli Forces Enter Safe Zones; Spain, Ireland And Norway Officially Recognize Palestinian State
Portfolio Pulse from Piero Cingari
Rising tensions in the Middle East, particularly in Rafah, have led to international condemnation and political actions. Spain, Ireland, and Norway have recognized a Palestinian state, prompting Israel to withdraw its ambassadors. Despite the turmoil, Israeli stocks saw a slight increase, while oil prices rallied.
May 28, 2024 | 9:11 pm
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The iShares MSCI Israel ETF (NYSE:EIS) saw a slight increase of 0.4% despite rising tensions in the Middle East and international condemnation of Israeli actions in Gaza.
Despite the geopolitical tensions and international condemnation, the Israeli stock market, as tracked by EIS, showed resilience with a slight increase. This suggests investor confidence in the Israeli market remains stable in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80