Kremlin Spokesman Says There Is No Final Decision On Withdrawing From Black Sea Grain Deal
Portfolio Pulse from Happy Mohamed
Kremlin spokesman has stated that there is no final decision on withdrawing from the Black Sea grain deal, according to Reuters citing RIA.
July 13, 2023 | 4:39 pm
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NEUTRAL IMPACT
Uncertainty over the Black Sea grain deal may impact the price of CORN ETF.
The Black Sea grain deal has a direct impact on the global grain market. Any uncertainty regarding this deal could potentially affect the price of the CORN ETF, which tracks the price of corn.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The Black Sea grain deal situation may indirectly affect the SOYB ETF.
While the Black Sea grain deal primarily concerns wheat and corn, any changes in the grain market could indirectly affect the price of the SOYB ETF, which tracks the price of soybeans.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The Black Sea grain deal situation is unlikely to have a significant impact on the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad market index. While the grain deal could have some impact on certain sectors, it is unlikely to significantly affect the overall market and thus the SPY ETF.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The Black Sea grain deal situation is unlikely to have a significant impact on the VGK ETF.
The VGK ETF tracks the performance of the European stock market. While the grain deal could have some impact on certain sectors, it is unlikely to significantly affect the overall European market and thus the VGK ETF.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
Uncertainty over the Black Sea grain deal may impact the price of WEAT ETF.
The Black Sea grain deal has a direct impact on the global grain market. Any uncertainty regarding this deal could potentially affect the price of the WEAT ETF, which tracks the price of wheat.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70