UN Sec. General Guterres Says The UN Will Still Try To Facilitate Unimpeded Access To Global Markets For Food, Fertilizers From Ukraine & Russia
Portfolio Pulse from Happy Mohamed
UN Secretary General Guterres has stated that the UN will continue to facilitate unimpeded access to global markets for food and fertilizers from Ukraine and Russia.
July 17, 2023 | 2:43 pm
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NEUTRAL IMPACT
The UN's facilitation of market access for food and fertilizers from Ukraine and Russia may indirectly affect the SPY ETF, which tracks the S&P 500 index.
The UN's actions may indirectly affect the SPY ETF as it could influence the performance of companies within the S&P 500 that are involved in the food and fertilizer sectors. However, the impact is likely to be indirect and not immediate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UN's facilitation of market access for food and fertilizers from Ukraine and Russia may indirectly affect the VGK ETF, which tracks the performance of the European stock market.
The UN's actions may indirectly affect the VGK ETF as it could influence the performance of European companies that are involved in the food and fertilizer sectors. However, the impact is likely to be indirect and not immediate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50