Ahead Of Biden's Europe Visit, National Security Advisor Underscores Commitment To Ukraine, Assures US 'Not Seeking To Start World War III'
Portfolio Pulse from Piero Cingari
White House National Security Advisor Jake Sullivan outlined the objectives of President Joe Biden's upcoming Europe trip, emphasizing the importance of a strong NATO and the US's commitment to Ukraine. Sullivan also discussed the evolving threat posed by Belarus and potential deployment of nuclear weapons in the region. He expressed confidence in Sweden's future NATO membership. The iShares U.S. Aerospace & Defense ETF (NYSE:ITA), which offers exposure to defense-related stocks, was 0.3% higher on Friday.
July 07, 2023 | 7:44 pm
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The iShares U.S. Aerospace & Defense ETF (NYSE:ITA), which offers exposure to defense-related stocks, may be impacted by the US's commitment to Ukraine and the potential threats from Belarus.
The ETF, which is exposed to defense-related stocks, may see an increase in value due to the US's commitment to Ukraine and the potential threats from Belarus. This is because these geopolitical tensions could lead to increased defense spending, which would benefit the companies in the ETF's portfolio.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70