Treasury Official Says Yellen Hopes G7 Finance Officials Can Reach Consensus On A Plan For Russian Assets To Advise G7 Leaders For Summit In June; Yellen Will Discuss At G7 Meeting The Need To Tackle China's Excess Industrial Capacity In Key Sectors And New U.S. Tariffs On EVs, Solar, Semiconductors
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen aims to reach a consensus with G7 finance officials on a plan for Russian assets ahead of the G7 summit in June. Additionally, Yellen will discuss the need to address China's excess industrial capacity in key sectors and new U.S. tariffs on electric vehicles (EVs), solar, and semiconductors at the G7 meeting.
May 17, 2024 | 2:34 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to discussions on new U.S. tariffs on EVs, solar, and semiconductors, which could impact major sectors within the S&P 500.
The SPY ETF includes companies in sectors that could be affected by new tariffs on EVs, solar, and semiconductors. The outcome of these discussions could lead to market volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the G7's consensus on Russian assets and discussions on China's industrial capacity, affecting European markets.
VGK includes European companies that could be affected by geopolitical decisions made at the G7 meeting, particularly regarding Russian assets and China's industrial capacity.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50