Germany Current Assessment July 91.3 Vs. 93.0 Est.; 93.7 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's current assessment for July has been reported at 91.3, lower than the estimated 93.0 and the prior figure of 93.7.
July 25, 2023 | 8:03 am
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NEGATIVE IMPACT
The lower than expected current assessment in Germany may negatively impact the performance of the iShares MSCI Germany ETF (EWG).
EWG tracks the investment results of an index composed of German equities. A lower than expected current assessment indicates a potential slowdown in the German economy, which could negatively impact the performance of German equities and, consequently, the EWG ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK), which includes German equities, may also be negatively impacted by the lower than expected current assessment in Germany.
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, including Germany. A lower than expected current assessment in Germany could negatively impact the performance of German equities and, consequently, the VGK ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70