U.S. Weighs Potential Deal With China On Fentanyl
Portfolio Pulse from Benzinga Newsdesk
The U.S. is considering a potential deal with China to curb the production and distribution of fentanyl, a powerful synthetic opioid. The deal could have implications for the ongoing trade negotiations between the two countries.
July 24, 2023 | 1:33 pm
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NEUTRAL IMPACT
The potential deal between the U.S. and China on fentanyl could impact the iShares China Large-Cap ETF (FXI) as it could influence the ongoing trade negotiations.
The potential deal could influence the ongoing trade negotiations between the U.S. and China. As FXI tracks the performance of large-cap Chinese equities, any changes in the trade relations could impact the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The potential deal between the U.S. and China on fentanyl could impact the SPDR S&P 500 ETF (SPY) as it could influence the ongoing trade negotiations.
The potential deal could influence the ongoing trade negotiations between the U.S. and China. As SPY tracks the performance of the S&P 500, any changes in the trade relations could impact the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70