Israeli Forces Intensify Attacks In Gaza, Southern Lebanon Ahead Of Netanyahu's Visit To US Congress
Portfolio Pulse from Piero Cingari
Israeli forces intensified their operations in Gaza and southern Lebanon, resulting in significant casualties. Prime Minister Netanyahu visited troops and emphasized military pressure to secure hostages. The Israeli Knesset rejected Palestinian statehood, and the U.S. imposed sanctions on Houthi affiliates. The iShares MSCI Israel ETF (NYSE:EIS) saw a decline in response to these developments.
July 18, 2024 | 10:42 pm
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The iShares MSCI Israel ETF (NYSE:EIS) closed down 0.92% Thursday, following intensified Israeli military operations in Gaza and Lebanon, and the Israeli Knesset's rejection of Palestinian statehood.
The ETF's decline is directly linked to the heightened military actions and political decisions in Israel, which increase geopolitical risks and investor uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100