'Biden secretly gave Ukraine permission to strike inside Russia with US weapons' - Politico
Portfolio Pulse from Benzinga Newsdesk
President Biden has secretly given Ukraine permission to strike inside Russia using US weapons, according to Politico. This development could escalate tensions between the US and Russia, potentially impacting global markets and defense-related stocks.
May 30, 2024 | 7:35 pm
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NEGATIVE IMPACT
The news of Biden allowing Ukraine to strike inside Russia with US weapons could lead to increased market volatility, affecting the SPY ETF which tracks the S&P 500.
Increased geopolitical tensions typically lead to market uncertainty and volatility, which can negatively impact broad market indices like the S&P 500, tracked by SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The escalation of conflict between Ukraine and Russia, with US involvement, could impact European markets, affecting the VGK ETF which tracks European stocks.
Heightened geopolitical risks in Europe due to the conflict between Ukraine and Russia can lead to market instability, negatively impacting European stocks tracked by VGK.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 60