Watch Live: Russian President Vladimir Putin Holds A Meeting With Leaders At The BRICS Summit; Says Cross-Border Payments Issue Is Important, We Will Develop Cooperation Within BRICS; BRICS Does Not Pursue Separate Common Payment System
Portfolio Pulse from Benzinga Newsdesk
Russian President Vladimir Putin emphasized the importance of cross-border payments and cooperation within the BRICS summit. However, BRICS does not aim to establish a separate common payment system.

October 24, 2024 | 3:33 pm
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NEUTRAL IMPACT
The BRICS summit, involving Brazil, may influence Brazilian markets and the EWZ ETF, especially with discussions on cross-border payments.
EWZ is an ETF that tracks Brazilian equities. As Brazil is part of BRICS, any economic cooperation or policy changes discussed at the summit could indirectly affect Brazilian markets and thus EWZ.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
South Africa's involvement in the BRICS summit may have implications for the EZA ETF, with a focus on cross-border payments.
EZA is an ETF that tracks South African equities. South Africa's participation in BRICS means that any agreements or discussions, particularly on cross-border payments, could impact the South African economy and EZA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
China's participation in the BRICS summit could influence the FXI ETF, especially with the focus on cross-border payments.
FXI is an ETF that tracks Chinese equities. China's involvement in BRICS and any resulting economic policies or cooperation, particularly regarding cross-border payments, could affect the Chinese market and FXI.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
India's role in the BRICS summit may have implications for the INDA ETF, with discussions on cross-border payments.
INDA is an ETF that tracks Indian equities. As India is a member of BRICS, any economic cooperation or policy changes discussed at the summit, especially regarding cross-border payments, could impact the Indian market and INDA.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50