Russian Defence Ministry Says Russia Scrambled MiG-31 Jet To Escort U.S. Recon Plane Over Norwegian Sea
Portfolio Pulse from Benzinga Newsdesk
The Russian Defence Ministry reported that Russia scrambled a MiG-31 jet to escort a U.S. recon plane over the Norwegian Sea, according to Reuters citing Ria.
October 06, 2023 | 1:14 pm
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NEGATIVE IMPACT
The news of Russia scrambling a jet to escort a U.S. recon plane may increase geopolitical tensions, potentially impacting the SPY ETF.
Geopolitical tensions can often lead to market volatility. As SPY is a broad market ETF, it can be impacted by such macro events. The news of Russia scrambling a jet to escort a U.S. recon plane may increase these tensions, potentially leading to a negative impact on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The news of Russia scrambling a jet to escort a U.S. recon plane over the Norwegian Sea may increase geopolitical tensions, potentially impacting the VGK ETF.
Geopolitical tensions can often lead to market volatility. As VGK is a European ETF, it can be impacted by such macro events in the region. The news of Russia scrambling a jet to escort a U.S. recon plane over the Norwegian Sea may increase these tensions, potentially leading to a negative impact on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50