Russia Believes July 18 Will Be The Time To End The Black Sea Grain Deal
Portfolio Pulse from Happy Mohamed
Russia's Foreign Ministry announced that the Black Sea Grain Deal is expected to end on July 18. This may affect the prices of related ETFs such as SPY and VGK.
June 20, 2023 | 12:29 pm
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NEUTRAL IMPACT
The end of the Black Sea Grain Deal on July 18 may affect the prices of SPY ETF.
The end of the Black Sea Grain Deal may have an indirect impact on the SPY ETF, as it tracks the performance of the S&P 500 Index. The deal's termination could affect companies in the agriculture sector, which may in turn influence the overall index and SPY ETF.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The termination of the Black Sea Grain Deal on July 18 may influence the prices of VGK ETF.
The VGK ETF, which tracks the performance of European stocks, may be indirectly impacted by the end of the Black Sea Grain Deal. The deal's termination could affect European companies in the agriculture sector, which may in turn influence the overall index and VGK ETF.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50