Eurozone Core Consumer Price Index (YoY) June 5.5% Vs. 5.4% Est.; 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (YoY) for June was reported at 5.5%, higher than the estimated 5.4% and the prior 5.3%.
July 19, 2023 | 9:01 am
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NEUTRAL IMPACT
The higher than expected Eurozone Core CPI may impact VGK, an ETF that tracks European stocks.
The Eurozone Core CPI, which measures inflation, came in higher than expected. This could have mixed effects on VGK. On one hand, higher inflation could lead to increased interest rates, which could negatively impact stocks. On the other hand, it could also indicate a stronger economy, which could be positive for stocks. Therefore, the impact on VGK is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75