Biden Says Closer to a Gaza Ceasefire Deal Than 3 Days Ago, But Not There Yet
Portfolio Pulse from Benzinga Newsdesk
President Biden announced that the U.S. is closer to a Gaza ceasefire deal than it was three days ago, but the agreement has not yet been finalized.
August 16, 2024 | 3:58 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) may experience increased volatility due to the ongoing uncertainty surrounding the Gaza ceasefire deal.
The ongoing conflict and potential ceasefire in Gaza directly impact the Israeli economy, which EIS tracks. The uncertainty may lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might see minor fluctuations as geopolitical tensions in Gaza continue, though the broader market impact is likely limited.
While geopolitical tensions can affect market sentiment, the broader U.S. market represented by SPY is less directly impacted by the Gaza conflict compared to regional ETFs like EIS.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50