President Biden To Welcome Prime Minister Netanyahu To White House On July 25; Leaders To Discuss Gaza, Ceasefire, Hostage Release, And U.S. Commitment To Israel's Security; Vice President To Meet Separately With Netanyahu
Portfolio Pulse from Benzinga Newsdesk
President Biden will welcome Prime Minister Netanyahu to the White House on July 25 to discuss Gaza, ceasefire, hostage release, and U.S. commitment to Israel's security. Vice President Harris will also meet separately with Netanyahu.
July 24, 2024 | 1:00 pm
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NEUTRAL IMPACT
The meeting between President Biden and Prime Minister Netanyahu is unlikely to have a significant direct impact on the SPDR S&P 500 ETF (SPY), but geopolitical stability discussions could have a minor indirect effect.
While the meeting focuses on geopolitical issues, the direct impact on the SPDR S&P 500 ETF (SPY) is expected to be minimal. However, any significant developments in geopolitical stability could have a minor indirect effect on broader markets.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
The meeting between President Biden and Prime Minister Netanyahu could impact the iShares MSCI Israel ETF (ISRA) due to discussions on Gaza, ceasefire, and U.S. commitment to Israel's security.
The discussions on Gaza, ceasefire, and U.S. commitment to Israel's security could positively impact the iShares MSCI Israel ETF (ISRA) as they may lead to increased stability and security in the region, which is beneficial for Israeli markets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80