Eurozone Consumer Price Index (MoM) June 0.3% Vs. 0.3% Est.; 0.0% Prior; Eurozone CPI (YoY) June 5.5% Vs. 5.5% Est.; 6.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for June has matched estimates, with a month-on-month increase of 0.3% and a year-on-year increase of 5.5%. This is a decrease from the previous month's year-on-year CPI of 6.1%.
July 19, 2023 | 9:03 am
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NEUTRAL IMPACT
The Eurozone CPI data, which matches estimates, may have a neutral impact on the Vanguard FTSE Europe ETF (VGK), as the data is in line with expectations.
The Eurozone CPI data is a key economic indicator that can influence the performance of ETFs like VGK that track European stocks. Since the data matches estimates, it is unlikely to cause significant movement in the ETF's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75