France Consumer Price Index Preliminary (MoM) (July) 0.0% Vs. 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Consumer Price Index (CPI) for France in July was reported at 0.0%, lower than the estimated 0.2% and the prior figure of 0.2%.
July 28, 2023 | 6:50 am
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NEGATIVE IMPACT
The lower than expected CPI in France could impact the performance of the iShares MSCI France ETF (EWQ).
The CPI is a key economic indicator that can influence monetary policy decisions. A lower than expected CPI could signal a slowing economy, which may negatively impact the performance of ETFs like EWQ that track French stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK), which includes French stocks, could also be affected by the lower than expected CPI in France.
The CPI is a key economic indicator that can influence monetary policy decisions. A lower than expected CPI could signal a slowing economy, which may negatively impact the performance of ETFs like VGK that include French stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60