Biden Says I Know Some In Israel Will Not Agree With This Plan, Including Some In Government; I Urge Israeli Leadership To Back This Deal Despite Any Pressure; I Ask Israelis To Take A Step Back And Think What Happens If This Moment Is Lost; Risk Of Further Isolation For Israel In The World
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President Biden urges Israeli leadership to support a new deal despite internal opposition, warning of potential global isolation if the opportunity is missed.
May 31, 2024 | 5:38 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to President Biden's urging of Israeli leadership to support a new deal, which could impact Israel's global standing.
The political uncertainty and potential for changes in Israel's international relations could lead to short-term volatility in EIS.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The VanEck Vectors Israel ETF (ISRA) might face short-term fluctuations as President Biden's comments could influence Israel's geopolitical and economic landscape.
Biden's urging for a new deal and the potential for Israel's global isolation could create uncertainty, affecting ISRA's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80