President Biden, Asked If He Expected Iran To Skip A Retaliatory Strike If A Gaza Ceasefire Deal Was Reached, Says: "That's My Expectation"
Portfolio Pulse from Benzinga Newsdesk
President Biden expressed his expectation that Iran would refrain from a retaliatory strike if a Gaza ceasefire deal is reached.
August 13, 2024 | 7:30 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) could see positive sentiment if a Gaza ceasefire deal is reached and Iran refrains from retaliatory actions.
A ceasefire in Gaza and Iran's non-retaliation could stabilize the region, potentially boosting investor confidence in Israeli markets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The VanEck Vectors Israel ETF (ISRA) might experience a positive impact if a Gaza ceasefire is achieved and Iran does not retaliate.
Stability in the region due to a ceasefire and lack of Iranian retaliation could enhance investor sentiment towards Israeli assets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could see a neutral to slightly positive impact if geopolitical tensions ease with a Gaza ceasefire and no Iranian retaliation.
Easing geopolitical tensions could have a stabilizing effect on broader markets, potentially benefiting SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The United States Oil Fund (USO) might experience a neutral to slightly negative impact if a Gaza ceasefire is reached and Iran refrains from retaliatory actions.
Reduced geopolitical tensions could lead to a decrease in oil prices, potentially impacting USO negatively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60