U.S. Treasury's Yellen Says Nothing Significant That Still Needs To Be Worked Out On Ukraine Loan; We Have High Degree Of Confidence That Russian Assets Will Remain Locked Down, Despite Lack Of Assurances From EU; EU Has Supported Keeping Russian Assets Frozen Every 6-Months, Expects That To Continue With Russian Hostilities Continuing
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen expressed confidence that Russian assets will remain locked down, despite no assurances from the EU. She also mentioned that there are no significant issues remaining with the Ukraine loan.
October 22, 2024 | 2:56 pm
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VGK, an ETF focused on European stocks, might face uncertainty due to the EU's lack of assurances on Russian asset lockdowns.
The lack of EU assurances on Russian assets could lead to uncertainty in European markets, potentially impacting VGK negatively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see stability as Yellen's confidence in locking down Russian assets could reduce geopolitical risks.
Yellen's statement may reduce geopolitical risks, which can stabilize markets. However, the lack of EU assurances could still pose uncertainties.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50