Brasil Minister Says China Lifts Ban On Brazil Beef Due To Mad Cow
Portfolio Pulse from Happy Mohamed
China has lifted its ban on Brazilian beef imports following concerns over mad cow disease, according to Brazil's Agriculture Minister.
June 27, 2023 | 2:51 pm
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POSITIVE IMPACT
China lifting its ban on Brazilian beef imports may positively impact Brazilian companies, including those in the iShares MSCI Brazil ETF (EWZ).
The lifting of the ban on Brazilian beef imports by China may lead to increased trade and revenues for Brazilian companies, including those in the iShares MSCI Brazil ETF (EWZ). This could positively impact the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
China lifting its ban on Brazilian beef imports may have a neutral impact on the iShares China Large-Cap ETF (FXI) as it is not directly related to the companies in the ETF.
Although China lifting its ban on Brazilian beef imports may have implications on trade between the two countries, it is not directly related to the companies in the iShares China Large-Cap ETF (FXI). Therefore, the impact on the ETF is expected to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 25