Iranian Military Delegation Arrives in Moscow to Discuss Cooperation Between Ground Forces
Portfolio Pulse from Charles Gross
An Iranian military delegation has arrived in Moscow to discuss cooperation between ground forces, as reported by Reuters citing Russia's Tass News Agency. The news may indirectly affect US-listed ETFs like EIS, SPY, USO, VGK.
August 21, 2023 | 11:20 am
News sentiment analysis
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NEGATIVE IMPACT
The news may indirectly affect the iShares MSCI Israel ETF (EIS) due to geopolitical tensions in the Middle East.
The geopolitical tensions in the Middle East could affect the Israeli market, and thus the EIS ETF, especially if the cooperation between Iran and Russia escalates.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
The news may indirectly affect the SPDR S&P 500 ETF (SPY) due to potential geopolitical risks.
Geopolitical risks can affect global markets, including the US market. Therefore, the SPY ETF could be indirectly affected by this news.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
The news may indirectly affect the United States Oil Fund (USO) due to potential geopolitical risks in the Middle East.
Geopolitical risks in the Middle East can affect oil prices, and thus the USO ETF, especially if the cooperation between Iran and Russia escalates.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
The news may indirectly affect the Vanguard FTSE Europe ETF (VGK) due to potential geopolitical risks.
Geopolitical risks can affect global markets, including the European market. Therefore, the VGK ETF could be indirectly affected by this news.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50