Kirby Says 'We Are As Close As We've Ever Been' To Ceasefire Deal Between Israel And Hamas
Portfolio Pulse from Benzinga Newsdesk
John Kirby, a spokesperson, stated that a ceasefire deal between Israel and Hamas is closer than ever. This development could have significant geopolitical and economic implications.
August 07, 2024 | 2:46 pm
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POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) could see increased volatility due to the potential ceasefire deal between Israel and Hamas.
A ceasefire deal could stabilize the region, potentially boosting investor confidence in Israeli markets, which EIS tracks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The VanEck Vectors Israel ETF (ISRA) might experience positive movement due to the nearing ceasefire deal between Israel and Hamas.
A ceasefire deal could lead to regional stability, which may positively impact the Israeli economy and, consequently, the ISRA ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might see minor impacts from the potential ceasefire deal between Israel and Hamas.
While the ceasefire deal is significant, its direct impact on the broader U.S. market, which SPY tracks, is likely to be limited.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30