Yellen Says We See Opposition To Ukraine Aid In Congress, But Absolutely Believe We Will Get This Done; Both U.S., EU Are Both 'Utterly Committed' To Supporting Ukraine
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen has expressed confidence that Congress will approve aid for Ukraine, despite current opposition. Both the U.S. and EU are committed to supporting Ukraine.
October 16, 2023 | 2:31 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the political developments regarding Ukraine aid. If the aid is approved, it could potentially stabilize the market.
The SPY ETF is a broad market indicator and political developments such as aid to Ukraine can impact market sentiment and thus the ETF. However, the direct impact is uncertain and depends on the final decision and its implications.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The VGK ETF, which tracks European stocks, may be impacted by the political developments regarding Ukraine aid. If the aid is approved, it could potentially stabilize the European market.
The VGK ETF tracks European stocks and political developments such as aid to Ukraine can impact market sentiment and thus the ETF. However, the direct impact is uncertain and depends on the final decision and its implications.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60