Iran Conducts Military Drills In Northern Part Of The Country
Portfolio Pulse from Benzinga Newsdesk
Iran has conducted military drills in the northern part of the country, as reported by Reuters citing MEHR.
August 13, 2024 | 3:25 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might experience minor fluctuations due to the geopolitical developments in Iran, although the impact is expected to be limited.
While geopolitical events can influence global markets, the direct impact on SPY is likely to be limited given its broad exposure to the US market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to increased geopolitical tensions in the region following Iran's military drills.
Geopolitical tensions in the Middle East often impact regional ETFs like EIS. Iran's military drills could lead to increased uncertainty and potential market reactions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80