Biden Says An All-Out War Is Possible In Middle East, But There Also Is Possibility Of A Settlement; There Needs To Be A Two-State Solution For Israel-Palestine
Portfolio Pulse from Benzinga Newsdesk
In an interview on ABC, President Biden discussed the potential for both an all-out war and a settlement in the Middle East, emphasizing the need for a two-state solution for Israel and Palestine.
September 25, 2024 | 3:45 pm
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NEUTRAL IMPACT
EIS, an ETF focused on Israeli equities, may experience volatility due to President Biden's comments on potential conflict and peace in the Middle East.
EIS is directly related to Israeli equities, and geopolitical tensions or resolutions in the Middle East could impact its performance. Biden's comments suggest both risks and opportunities, leading to potential volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
ISRA, an ETF tracking Israeli companies, might face uncertainty following Biden's remarks on Middle East tensions and the possibility of a two-state solution.
ISRA is exposed to Israeli companies, and geopolitical developments in the region could affect its holdings. Biden's comments highlight both potential risks and resolutions, leading to uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY, an ETF representing the S&P 500, may see limited impact from Biden's comments on the Middle East, as broader market factors are likely more influential.
SPY is a broad market ETF, and while geopolitical tensions can have some impact, the overall market is influenced by a wider range of factors. Biden's comments are less likely to significantly affect SPY.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30