Russia's Putin, At BRICS Said Russia's Actions In Ukraine Mean Only To End The War Which West Started There; Said We Seek Justifiable Settlement By Peaceful Means
Portfolio Pulse from Charles Gross
Russian President Putin, at the BRICS meeting, stated that Russia's actions in Ukraine are aimed at ending the war which, according to him, was started by the West. He emphasized that Russia seeks a peaceful and justifiable settlement.
August 23, 2023 | 9:57 am
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NEGATIVE IMPACT
The geopolitical tension between Russia and Ukraine could potentially impact the global market, including SPY, a US-listed ETF that tracks the S&P 500.
Geopolitical tensions often lead to market volatility. As SPY tracks the S&P 500, a broad representation of the US stock market, it could be negatively impacted by increased global uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The ongoing conflict between Russia and Ukraine could potentially impact VGK, a US-listed ETF that tracks European stocks, due to Europe's proximity and economic ties with both countries.
VGK tracks European stocks and Europe has significant economic ties with both Russia and Ukraine. Any escalation in the conflict could lead to economic instability in the region, potentially impacting VGK.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70