UN Chief Guterres Says Says He Wrote To Russia's Lavrov With Set Of Concrete Proposals To Revive Black Sea Grain Deal; Any Renewal Of Black Sea Grain Deal Must Be Stable, Without Crisis Or Suspension
Portfolio Pulse from Happy Mohamed
UN Chief Guterres has written to Russia's Lavrov with a set of proposals to revive the Black Sea Grain Deal. He emphasized that any renewal of the deal must be stable, without crisis or suspension.
August 31, 2023 | 4:16 pm
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NEUTRAL IMPACT
The revival of the Black Sea Grain Deal could potentially impact the global grain market, which may indirectly affect the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be indirectly affected by changes in the global grain market resulting from the revival of the Black Sea Grain Deal. However, the impact is likely to be minimal as the ETF is diversified across many sectors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The revival of the Black Sea Grain Deal could potentially impact the European market, which may indirectly affect the VGK ETF.
The VGK ETF, which tracks the European stock market, could be indirectly affected by changes in the European grain market resulting from the revival of the Black Sea Grain Deal. However, the impact is likely to be minimal as the ETF is diversified across many sectors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50