Ukraine's Air Force Spokesman Says Russia Attacked Kyiv, Khmelnytskiy And Kyrovohrad Region With Missiles
Portfolio Pulse from Benzinga Newsdesk
Ukraine's Air Force has reported missile attacks from Russia on Kyiv, Khmelnytskiy, and Kyrovohrad region, according to Reuters. The geopolitical tension may impact global markets and ETFs like SPY and VGK.
July 26, 2023 | 4:51 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be negatively impacted by the increased geopolitical risk due to the missile attacks on Ukraine by Russia.
Geopolitical tensions and conflicts often lead to market volatility. As SPY tracks the S&P 500, a broad representation of the US market, it is likely to be impacted by these developments.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, may be negatively impacted by the increased geopolitical risk due to the missile attacks on Ukraine by Russia.
Geopolitical tensions and conflicts often lead to market volatility. As VGK tracks European stocks, it is likely to be impacted by these developments, especially given the proximity of the conflict.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80