Pentagon Says U.S. State Department Approves Potential Sale Of Air-To-Air Missiles To Germany For An Estimated Cost Of $2.9B
Portfolio Pulse from Happy Mohamed
The U.S. State Department has approved a potential sale of air-to-air missiles to Germany at an estimated cost of $2.9 billion, according to the Pentagon.
July 19, 2023 | 7:08 pm
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NEUTRAL IMPACT
The potential missile sale to Germany could indirectly impact the iShares MSCI Germany ETF (EWG), depending on how it affects Germany's defense spending and overall economy.
The potential missile sale could affect Germany's defense budget and overall economy, which could in turn impact the performance of the EWG ETF. However, the exact impact is uncertain and would depend on various factors, including the final terms of the sale and the broader economic context.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The potential missile sale to Germany is unlikely to have a significant direct impact on the SPDR S&P 500 ETF (SPY), given its broad exposure to the U.S. stock market.
The SPY ETF is broadly exposed to the U.S. stock market and is therefore unlikely to be significantly affected by individual defense deals. However, the deal could potentially have a minor impact if it leads to changes in the broader geopolitical or economic context.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20