Iranian President Appeals To Macron For Gaza Cease-Fire Deal To Avoid Broader Regional War, Egypt Halts Flights Over Iran
Portfolio Pulse from Piero Cingari
Heightened tensions in the Middle East have led to significant diplomatic efforts to prevent a broader regional war. Iranian President Masoud Pezeshkian has urged French President Emmanuel Macron to pressure Israel into a Gaza cease-fire. Egypt has halted flights over Iran due to rising tensions. The VanEck Israel ETF (NYSE:ISRA) rallied 2.3% amid improved risk sentiment.
August 07, 2024 | 7:37 pm
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The VanEck Israel ETF (NYSE:ISRA) rallied 2.3% on Wednesday, reflecting improved risk sentiment in global equity markets amid heightened Middle East tensions.
The rally in ISRA indicates that investors are feeling more confident about the stability of Israeli stocks despite the ongoing tensions in the Middle East. This improved risk sentiment is likely due to diplomatic efforts to prevent a broader regional conflict.
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