President Biden Says We Will Defend Every Inch Of NATO Territory Including Finland
Portfolio Pulse from Happy Mohamed
President Biden has stated that the US will defend every inch of NATO territory, including Finland. This statement could potentially impact the geopolitical landscape and the performance of related ETFs.
July 13, 2023 | 2:48 pm
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POSITIVE IMPACT
The statement by President Biden could potentially increase investor confidence in Finnish assets, including the iShares MSCI Finland ETF (EFNL).
The commitment to defend Finland, a NATO partner, could increase geopolitical stability in the region, potentially making Finnish assets more attractive to investors. This could lead to an increase in the price of EFNL in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
President Biden's statement could potentially impact the SPDR S&P 500 ETF (SPY) due to the potential for increased geopolitical stability.
The commitment to defend all NATO territories could increase geopolitical stability, which could potentially have a positive impact on the broader market, and therefore the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could potentially be impacted by President Biden's statement due to the potential for increased geopolitical stability in Europe.
The commitment to defend all NATO territories could increase geopolitical stability in Europe, which could potentially have a positive impact on European assets, and therefore the VGK ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70