White House Said Biden Spoke With Israel's Netanyahu On Wednesday To Discuss Israel Ceasefire And Hostage Release Deals, Vice President Harris Joined Call
Portfolio Pulse from Benzinga Newsdesk
President Biden and Vice President Harris held a call with Israel's Prime Minister Netanyahu to discuss a ceasefire and hostage release deals. This diplomatic engagement may influence geopolitical stability and related markets.
August 21, 2024 | 6:58 pm
News sentiment analysis
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might experience indirect effects from the geopolitical discussions between the US and Israel, as changes in global stability can influence broader market sentiment.
While the direct impact on SPY is limited, geopolitical stability can influence investor sentiment and market trends, potentially affecting SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The United States Oil Fund (USO) might see changes due to the geopolitical discussions, as Middle East stability can impact oil prices and supply dynamics.
Geopolitical stability in the Middle East can affect oil supply and prices, which in turn could impact the USO fund.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by the discussions between Biden and Netanyahu regarding a ceasefire and hostage release, as these developments may affect Israel's geopolitical and economic stability.
The discussions on a ceasefire and hostage release could lead to increased stability in Israel, potentially benefiting the Israeli economy and, by extension, the EIS ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80