White House Says If Hamas Accepts Gaza Proposal And Phase One Begins, First Batch Of Hostages Would Be Released And Israel Would Withdraw Military From Population Centers
Portfolio Pulse from Benzinga Newsdesk
The White House announced that if Hamas accepts the Gaza proposal and Phase One begins, the first batch of hostages would be released, and Israel would withdraw its military from population centers.
June 03, 2024 | 4:14 pm
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POSITIVE IMPACT
The potential de-escalation in Gaza could positively impact the iShares MSCI Israel ETF (EIS) as it may reduce geopolitical risks associated with Israeli investments.
A reduction in military conflict and the release of hostages could lead to a more stable environment, which is generally favorable for investments in the region.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The broader market, represented by SPDR S&P 500 ETF (SPY), may see a slight positive impact due to reduced geopolitical tensions in the Middle East.
While the direct impact on the S&P 500 is limited, reduced geopolitical risks can contribute to overall market stability.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The United States Oil Fund (USO) might experience a slight decrease in price as reduced tensions in the Middle East could lead to lower oil prices.
Geopolitical tensions often drive oil prices higher. A de-escalation could ease supply concerns, leading to lower prices.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60