WASHINGTON (Reuters) - The United States and Qatar said negotiators between Israel and Hamas reached a phased deal on Wednesday to end the Gaza war after 15 months of bloodshed that has killed tens of thousands of people. Palestinians died and angered the Middle East.
The complex agreement outlines an initial six-week ceasefire phase that includes the gradual withdrawal of Israeli forces from the Gaza Strip and the release of hostages held by Hamas in exchange for Palestinian prisoners held by Israel.
Here are some reactions from investors and analysts to the deal:
STEPHEN MASSOCCA, Senior Vice President, WEDBUSH SECURITIES, San Francisco
"It looks like Gaza may come to a conclusion, which is bullish. The reaction has been modest and I don't think the market is really paying attention to it. If we can achieve the same goals in Ukraine, these are good things for Ukraine's economy." , they are good for inflation and ultimately good for the market. "
PHIL BLANCATO, Chief Market Strategist, OSAIC WEALTH, New York
"It's a relatively important message. If you think about the promises of the incoming administration, it's certainly to end two wars. But beyond that, the turmoil in the Middle East is problematic from a global oil price perspective. .The Middle East may eliminate one of the concerns in the market.”
ART HOGAN, Chief Market Strategist B. RILEY WEALTH, New York
"It's obviously a clear positive for the market, certainly for global markets. I think it's going to take a little longer to sink into the news flow, especially in a market that's already rising, but it's obviously will affect the development of the market” proved to be a clear positive factor. "
"The overall positive impact of all of this will probably start to resolve in the coming weeks, not necessarily this afternoon."
SAM STOVALL, Chief Investment Strategist, CFRA Research, New York
"With geopolitical tensions one of the walls of worry climbing for the market, it would be good to eliminate at least one source. The only question is whether this can be prolonged, as tensions always seem to explode in the middle east."
"In the wake of the CPI data and the news from Gaza, investors now have more than one reason to breathe a sigh of relief. The headwinds for the stock market are no longer hurricanes, but breezes."
MICHAEL BROWN, Senior Research Strategist, Pepperstone, London
"This news is highly anticipated and has been very strongly hinted at in recent transactions, so most participants will not be surprised."
"I think this reduces geopolitical risk to some extent, although the question now is how long the ceasefire lasts. The situation in the Middle East is as volatile as ever, so I doubt there will be a rush for a quick fix." Buying risk or unwinding hedging — — certainly not with Trump’s inauguration looming on Monday. "
Chuck Carlson, CEO, Horizon INVESTMENT SERVICES, Hammond, Indiana
"Some of this is already reflected in the market, so I don't think it's a complete surprise... If there's any significant impact, it's going to be on the energy complex."
(Reporting by Sukriti Gupta, Saqib Ahmed, Lewis Krauskopf, Sinead Carew, Chuck Mikolajczak and Suzanne McGee; Editing by Michelle Price)