Eurozone Trade Balance For May -0.3B Vs. -7.6B Est.; -12.0B Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone trade balance for May was reported at -0.3B, significantly better than the estimated -7.6B and the prior figure of -12.0B.
July 14, 2023 | 9:12 am
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POSITIVE IMPACT
The better-than-expected Eurozone trade balance could positively impact VGK, an ETF that tracks European stocks.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. A better-than-expected trade balance in the Eurozone could indicate a stronger economic environment, which could lead to improved performance of European stocks and, consequently, VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80