White House Says Robust Agenda For Biden-Modi Meeting, With Robust Deliverables Expected; Says Modi Visit Is Not About Sending Message To China
Portfolio Pulse from Happy Mohamed
The White House announced a robust agenda for the upcoming meeting between President Biden and Indian Prime Minister Modi, with significant deliverables expected. The meeting is not intended to send a message to China.
June 20, 2023 | 6:11 pm
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NEUTRAL IMPACT
The Biden-Modi meeting may have indirect implications for the US market, but the impact on the SPY ETF is likely to be minimal.
While the meeting between President Biden and Prime Minister Modi may have indirect implications for the US market, the impact on the SPY ETF is likely to be minimal as the meeting is not aimed at sending a message to China and its primary focus is on the partnership between the US and India.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25
POSITIVE IMPACT
The Biden-Modi meeting may result in significant deliverables, potentially impacting Indian markets and the INDA ETF.
The meeting between President Biden and Prime Minister Modi is expected to have a robust agenda with significant deliverables. This could lead to positive developments in the Indian market, which may impact the INDA ETF positively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75