White House: Says New Arms Package For Ukraine Will Be Announced Tuesday
Portfolio Pulse from Benzinga Newsdesk
The White House has announced that a new arms package for Ukraine will be revealed on Tuesday, according to Reuters.
August 29, 2023 | 5:06 pm
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NEUTRAL IMPACT
The announcement of a new arms package for Ukraine may indirectly affect SPY, which tracks the S&P 500 and includes defense companies.
While SPY is not directly involved, it tracks the S&P 500 which includes defense companies that could potentially benefit from an increase in arms sales. However, the impact is uncertain and indirect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The announcement of a new arms package for Ukraine may indirectly affect VGK, an ETF that tracks European stocks, including those in the defense sector.
While VGK is not directly involved, it tracks European stocks which include defense companies that could potentially benefit from an increase in arms sales. However, the impact is uncertain and indirect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50