Putin Orders To Sign Of A Comprehensive Strategic Partnership Agreement Between Russia And Iran
Portfolio Pulse from Benzinga Newsdesk
Russian President Vladimir Putin has ordered the signing of a comprehensive strategic partnership agreement between Russia and Iran. This move could have geopolitical implications, potentially affecting global markets and certain ETFs with exposure to these regions.
September 18, 2024 | 5:41 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might experience volatility due to potential global market reactions to the Russia-Iran strategic partnership.
While SPY is a broad market ETF, global geopolitical developments like the Russia-Iran partnership can lead to market volatility, affecting SPY indirectly.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
The strategic partnership between Russia and Iran could impact the iShares MSCI Israel ETF (EIS) due to potential geopolitical tensions in the region.
EIS, being an ETF focused on Israel, could be indirectly affected by increased geopolitical tensions in the Middle East due to the Russia-Iran partnership.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The strategic partnership between Russia and Iran could impact the VanEck Vectors Israel ETF (ISRA) due to potential geopolitical tensions in the region.
ISRA, being an ETF focused on Israel, could be indirectly affected by increased geopolitical tensions in the Middle East due to the Russia-Iran partnership.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50