Biden Remains Hopeful For Middle East Deal; Does Not Expect Middle East Ceasefire Soon
Portfolio Pulse from Benzinga Newsdesk
President Biden remains optimistic about a potential Middle East deal but does not foresee a ceasefire in the near future. This ongoing conflict could impact various sectors, including energy and defense.
June 13, 2024 | 5:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to ongoing Middle East tensions and the lack of a ceasefire.
The ongoing conflict in the Middle East and the absence of a ceasefire could lead to increased volatility in the Israeli market, affecting the EIS ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might face minor fluctuations due to geopolitical tensions in the Middle East.
While the broader U.S. market represented by SPY may not be directly impacted, geopolitical tensions can cause minor fluctuations.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The United States Oil Fund (USO) may see increased volatility due to the ongoing conflict in the Middle East and the lack of a ceasefire.
The ongoing conflict in the Middle East is likely to affect oil prices, leading to increased volatility in the USO ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90