Russia's Putin Said ATACMS Supplies To Kyiv Is A Mistake By America; Putin: Ordered Russian Warplanes With Kinzhal Missiles To Patrol Black Sea On Regular Basis
Portfolio Pulse from Charles Gross
Russian President Vladimir Putin has criticized the US for supplying ATACMS to Kyiv, calling it a mistake. He also ordered Russian warplanes equipped with Kinzhal missiles to regularly patrol the Black Sea, according to reports from Reuters, Tass, and IFAX.
October 18, 2023 | 9:58 am
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be affected by Putin's comments as they may increase geopolitical tensions, potentially impacting global markets.
Geopolitical tensions can lead to market volatility. Putin's comments may increase such tensions, potentially leading to a negative impact on global markets and thus on SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by Putin's comments, as increased geopolitical tensions in the region could affect European markets.
Geopolitical tensions can lead to market volatility. Putin's comments may increase such tensions, potentially leading to a negative impact on European markets and thus on VGK.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70