Treasury's Yellen Says She Agreed With Chinese Officials To Maintain Open Communication, Deepen Talks On Areas Of Concern; China's Technological Innovations May Be Transferable Around The World To Reduce Cost Of Fighting Climate Change
Portfolio Pulse from Happy Mohamed
US Treasury Secretary Janet Yellen has agreed with Chinese officials to maintain open communication and deepen talks on areas of concern. She also noted that China's technological innovations could be transferable globally to reduce the cost of fighting climate change.
July 10, 2023 | 6:02 pm
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NEUTRAL IMPACT
The agreement between Yellen and Chinese officials to deepen talks could potentially impact Chinese companies, which may affect the iShares China Large-Cap ETF (FXI).
The news indicates a potential for increased cooperation between the US and China, which could have implications for Chinese companies. As FXI is an ETF that tracks large Chinese companies, any changes in the regulatory or economic environment could impact the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The S&P 500 ETF (SPY) could be indirectly affected by the agreement between Yellen and Chinese officials, as it could influence the global economic environment.
The news suggests a potential for increased cooperation between the US and China, which could influence the global economic environment. As SPY is an ETF that tracks a broad range of US companies, changes in the global economic environment could indirectly impact the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50