European Central Bank's Lagarde Says Price Pressures Remain Strong; Says Underlying Inflationary Pressures Remain High; Says No Clear Evidence That Underlying Inflation Has Peaked
Portfolio Pulse from Benzinga Newsdesk
European Central Bank President Christine Lagarde stated that price pressures remain strong and underlying inflationary pressures are still high, with no clear evidence that they have peaked.
June 05, 2023 | 1:06 pm
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NEGATIVE IMPACT
ECB's Lagarde's comments on strong price pressures and high inflation may cause uncertainty in the market, potentially impacting SPY.
Lagarde's comments on strong price pressures and high inflation may lead to uncertainty in the market, which could negatively impact the performance of SPY, an ETF that tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
ECB's Lagarde's comments on strong price pressures and high inflation may cause uncertainty in the European market, potentially impacting VGK.
Lagarde's comments on strong price pressures and high inflation may lead to uncertainty in the European market, which could negatively impact the performance of VGK, an ETF that tracks the European stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80