Sullivan Said President Biden And China's Xi Will Likely Be At G20 And Apec Conferences This Year, May Have Chance To See One Another
Portfolio Pulse from Benzinga Newsdesk
President Biden and China's President Xi are expected to attend the G20 and APEC conferences this year, providing a potential opportunity for the two leaders to meet.
August 29, 2024 | 10:19 am
News sentiment analysis
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POSITIVE IMPACT
The potential meeting between President Biden and President Xi at the G20 and APEC conferences could influence US-China relations, impacting Chinese markets and the iShares China Large-Cap ETF (FXI).
A meeting between the US and Chinese leaders could lead to improved relations or new agreements, positively impacting Chinese markets and FXI.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The potential meeting between President Biden and President Xi at the G20 and APEC conferences could influence US-China relations, impacting the broader US market and the SPDR S&P 500 ETF (SPY).
Improved US-China relations from a potential meeting could lead to positive market sentiment, benefiting the US market and SPY.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70