Treasury Official Says Yellen Will Talk To European Banks, G7 Colleagues About Ways To Cut Off Financing From Russia, Tighten Sanctions; G7 Countries Are 'Making Progress' Towards Consensus On Russian Assets Plan To Provide More Money To Ukraine; Yellen To Deliver Remarks In Frankfurt On Importance Of Transatlantic Alliance, Including Disrupting Russia's War Machine, Developing Clean Energy
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen will discuss with European banks and G7 colleagues ways to cut off financing from Russia and tighten sanctions. G7 countries are progressing towards a consensus on a plan to use Russian assets to provide more money to Ukraine. Yellen will deliver remarks in Frankfurt on the importance of the transatlantic alliance, disrupting Russia's war machine, and developing clean energy.
May 17, 2024 | 2:34 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to potential geopolitical tensions and regulatory changes as a result of Yellen's discussions on cutting off Russian financing and tightening sanctions.
SPY, representing the S&P 500, could be impacted by broader market reactions to geopolitical tensions and regulatory changes. However, the direct impact may be limited as the news pertains more to international relations and sanctions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) may be affected by Yellen's discussions with European banks and G7 colleagues on cutting off Russian financing and tightening sanctions, potentially impacting European markets.
VGK, which tracks European markets, may see some impact due to potential regulatory changes and geopolitical tensions arising from Yellen's discussions with European banks and G7 colleagues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70