Turkey's Erdogan And Biden Discuss Bilateral Ties, Gaza War, Prisoner Swap In Phone Call; Erdogan Told Biden Israel Does Not Want Ceasefire, Killing Of Hamas Chief Harmed Ceasefire Efforts, And Israel Is Trying To Spread Conflict To Wider Region, Turkish Presidency Says
Portfolio Pulse from Benzinga Newsdesk
Turkey's President Erdogan and U.S. President Biden discussed bilateral ties, the Gaza war, and a prisoner swap in a phone call. Erdogan expressed concerns that Israel does not want a ceasefire and that the killing of a Hamas chief has harmed ceasefire efforts. He also mentioned that Israel is trying to spread the conflict to a wider region.
August 01, 2024 | 7:07 pm
News sentiment analysis
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Ascending
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to heightened geopolitical tensions and concerns over Israel's actions in the Gaza conflict.
Erdogan's statements about Israel's actions in the Gaza conflict could lead to increased geopolitical risk, potentially impacting the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares MSCI Turkey ETF (TUR) could experience increased volatility due to Turkey's involvement in the Gaza conflict and its diplomatic stance with the U.S.
Turkey's active role and statements regarding the Gaza conflict, along with its diplomatic interactions with the U.S., could lead to increased volatility for the iShares MSCI Turkey ETF (TUR).
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might face minor fluctuations due to potential geopolitical instability arising from the Gaza conflict and U.S.-Turkey relations.
While the primary focus is on Israel and Turkey, broader geopolitical instability could have a minor impact on the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50