U.S. Treasury Secretary Yellen Says Decoupling From China Is Not An Option For U.S. Or EU; White House Is Preparing To Supplemental Request For Ukraine Aid, Israel As Soon As 'Functioning' House Available
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Yellen stated that decoupling from China is not an option for the U.S. or EU. The White House is also preparing a supplemental request for aid to Ukraine and Israel.
October 16, 2023 | 2:30 pm
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NEUTRAL IMPACT
The statement by Yellen may impact the SPY ETF, which tracks the S&P 500 and includes many companies with significant exposure to China.
The statement by Yellen indicates a continuation of the current U.S.-China relationship, which could maintain the status quo for companies in the S&P 500 with exposure to China. This could potentially impact the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The statement by Yellen may impact the VGK ETF, which tracks the European stock market and includes many companies with significant exposure to China.
The statement by Yellen indicates a continuation of the current U.S.-China relationship, which could maintain the status quo for companies in the European market with exposure to China. This could potentially impact the VGK ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70