France Consumer Price Index (MoM) For June Came In As Expected At 0.2% Vs. -0.1% Prior; Harmonised Index Of Consumer Prices (MoM) For June 0.2% Vs. 0.2% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Consumer Price Index (CPI) for June came in as expected at 0.2%, compared to -0.1% in the previous month. The Harmonised Index of Consumer Prices for June was also 0.2%, matching estimates and improving from -0.1% in the prior month.
July 13, 2023 | 6:50 am
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NEUTRAL IMPACT
The reported CPI and Harmonised Index of Consumer Prices for France in June, which met expectations, could potentially impact the performance of the iShares MSCI France ETF (EWQ).
The iShares MSCI France ETF (EWQ) tracks the performance of the French market. Therefore, economic indicators such as the CPI and Harmonised Index of Consumer Prices, which reflect the health of the French economy, can influence the ETF's performance. Since these indicators met expectations, the impact on EWQ is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75