VP Harris Will Join Biden-Netanyahu Call On Wednesday
Portfolio Pulse from Benzinga Newsdesk
Vice President Kamala Harris will join a call between President Joe Biden and Israeli Prime Minister Benjamin Netanyahu on Wednesday, as reported by NBC. This call may have implications for US-Israel relations and related financial markets.
October 09, 2024 | 2:39 pm
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NEUTRAL IMPACT
The involvement of VP Harris in the Biden-Netanyahu call could influence US-Israel relations, potentially impacting the iShares MSCI Israel ETF (EIS) which tracks Israeli equities.
The call could lead to changes in US-Israel relations, which may affect Israeli markets and consequently the EIS ETF. However, without specific policy changes, the immediate impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Biden-Netanyahu call, with VP Harris's participation, might affect the BlueStar Israel Technology ETF (ISRA), which focuses on Israeli tech companies.
The call may impact Israeli tech companies if US-Israel relations shift, affecting the ISRA ETF. However, without concrete outcomes, the short-term impact is unclear.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The Biden-Netanyahu call, with VP Harris's involvement, is unlikely to have a direct impact on the SPDR S&P 500 ETF (SPY), which tracks the US stock market.
While the call is significant for US-Israel relations, it is unlikely to directly affect the broader US market tracked by SPY unless major policy changes are announced.
CONFIDENCE 85
IMPORTANCE 20
RELEVANCE 30