China Vice Premier He Lifeng, U.S. Treasury Secretary Yellen Conducted In-Depth, Candid, Pragmatic Exchange In Meeting; Talks Were Constructive; Chinese Side, During Talks, Expressed Concerns About U.S. Sanctions And Restrictive Measures Against China
Portfolio Pulse from Charles Gross
China's Vice Premier He Lifeng and U.S. Treasury Secretary Yellen had a constructive meeting, discussing U.S. sanctions and restrictive measures against China. The Chinese side expressed concerns about these measures.
July 08, 2023 | 2:44 pm
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NEUTRAL IMPACT
The meeting between China's Vice Premier and U.S. Treasury Secretary could impact the iShares China Large-Cap ETF (FXI), as it reflects the overall performance of the largest companies in the Chinese equity market.
The ETF FXI could be impacted by the outcome of these talks as it is heavily influenced by the overall economic and political relationship between the U.S. and China. However, the exact impact is uncertain as the outcome of the talks is not yet clear.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The meeting between China's Vice Premier and U.S. Treasury Secretary could impact the SPDR S&P 500 ETF (SPY), as it reflects the overall performance of the U.S. equity market.
The ETF SPY could be impacted by the outcome of these talks as it is heavily influenced by the overall economic and political relationship between the U.S. and China. However, the exact impact is uncertain as the outcome of the talks is not yet clear.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60