European Central Bank's Lagarde Says If Baseline Stands, We'll Likely Hike In July
Portfolio Pulse from Happy Mohamed
European Central Bank's (ECB) President Christine Lagarde has indicated that if the current economic baseline stands, the ECB is likely to hike interest rates in July. This could impact the Vanguard FTSE Europe ETF (VGK), which tracks the performance of the European stock market.
June 28, 2023 | 1:40 pm
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The Vanguard FTSE Europe ETF (VGK) could be impacted by the potential interest rate hike by the ECB in July. Higher interest rates could lead to a decrease in stock prices, potentially affecting VGK's performance.
Interest rate hikes often lead to a decrease in stock prices as borrowing costs increase, potentially reducing corporate profits. As VGK tracks the performance of the European stock market, it could be negatively impacted by this potential rate hike.
CONFIDENCE 85
IMPORTANCE 70
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