Blinken Delays Middle East Trip, Cancels Tuesday Night Departure
Portfolio Pulse from Benzinga Newsdesk
U.S. Secretary of State Antony Blinken has delayed his trip to the Middle East and canceled his Tuesday night departure, according to sources cited by Axios.
August 13, 2024 | 5:33 pm
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NEGATIVE IMPACT
The delay in Blinken's Middle East trip could impact the iShares MSCI Israel ETF (EIS) due to potential uncertainties in U.S.-Middle East relations.
The delay in Blinken's trip could lead to uncertainties in U.S.-Middle East relations, potentially affecting the Israeli market and, consequently, the EIS ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The delay in Blinken's Middle East trip is unlikely to have a significant impact on the SPDR S&P 500 ETF (SPY) in the short term.
While the delay in Blinken's trip is notable, it is unlikely to have a direct and significant impact on the broader U.S. market represented by SPY.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 20