Yellen Says U.S.-EU Collaboration Also Crucial Regarding Economic Ties With China, Including Restrictions On Outbound Investment; U.S. And EU Must Work Together Constructively To Strengthen Critical Supply Chains, Including On Critical Minerals
Portfolio Pulse from Benzinga Newsdesk
US Treasury Secretary Janet Yellen emphasized the importance of US-EU collaboration on economic ties with China, including restrictions on outbound investment. She also stressed the need for the two entities to work together to strengthen critical supply chains, particularly in the area of critical minerals.
October 16, 2023 | 12:23 pm
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NEUTRAL IMPACT
The news may impact the iShares China Large-Cap ETF (FXI) as it reflects the potential changes in US-China economic relations.
The potential changes in US-China economic relations, including restrictions on outbound investment, could affect the performance of Chinese companies, which in turn may impact the FXI ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The news may impact the SPDR S&P 500 ETF (SPY) as it reflects potential changes in US economic policy.
The potential changes in US economic policy, particularly in relation to China and the EU, could affect the overall US market, which in turn may impact the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The news may impact the Vanguard FTSE Europe ETF (VGK) as it reflects potential changes in EU economic policy.
The potential changes in EU economic policy, particularly in relation to the US and China, could affect the overall European market, which in turn may impact the VGK ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60