Belarus Defense Ministry Said Russia, Belarus Start Joint Military Drills
Portfolio Pulse from Charles Gross
The Defense Ministry of Belarus announced the commencement of joint military drills with Russia, according to Reuters.
September 22, 2023 | 8:31 am
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NEGATIVE IMPACT
The joint military drills between Belarus and Russia may cause uncertainty in the global market, potentially affecting SPY.
Military drills often lead to geopolitical tensions and uncertainties, which can affect the global market. As SPY is a broad-based ETF, it may be impacted by these uncertainties.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The joint military drills between Belarus and Russia may cause uncertainty in the European market, potentially affecting VGK.
Military drills often lead to geopolitical tensions and uncertainties, which can affect the European market. As VGK is a Europe-focused ETF, it may be impacted by these uncertainties.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60