Treasury's Yellen Says De-Coupling Of U.S., China Economies 'Simply Not Practical'
Portfolio Pulse from Benzinga Newsdesk
US Treasury Secretary Janet Yellen stated that the de-coupling of the US and Chinese economies is 'simply not practical'. This statement could have implications for US-listed ETFs that track Chinese equities, such as FXI, and broader market ETFs like SPY.
November 02, 2023 | 5:41 pm
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POSITIVE IMPACT
Yellen's statement suggests continued economic interdependence between the US and China, which could support the performance of ETFs like FXI that track Chinese equities.
Yellen's comments suggest that the US will continue to engage economically with China, which could support Chinese equities and, by extension, ETFs like FXI that track these equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Yellen's comments could also have implications for broader market ETFs like SPY, as continued economic engagement between the US and China could support global economic growth and, by extension, equity markets.
Yellen's comments suggest that the US will continue to engage economically with China, which could support global economic growth and, by extension, equity markets and ETFs like SPY that track these markets.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60