France Harmonised Index of Consumer Prices Preliminary (MoM) 0.0% Vs. 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) for the month shows no change, falling short of the estimated 0.1% increase and the previous 0.2% increase.
July 28, 2023 | 6:51 am
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NEGATIVE IMPACT
The France ETF (EWQ) may be impacted by the lower than expected HICP, as it indicates a slower economic growth.
The HICP is a measure of inflation and economic health. A lower than expected HICP indicates slower economic growth, which could negatively impact the performance of the France ETF (EWQ).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Europe ETF (VGK) may also be affected by the lower than expected HICP in France, as France is a significant part of the European economy.
The HICP is a measure of inflation and economic health. A lower than expected HICP in France, a significant part of the European economy, could negatively impact the performance of the Europe ETF (VGK).
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60