Germany Retail Sales (MoM) (June) -0.8% Vs. 0.2% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's retail sales for June have decreased by 0.8%, which is lower than the estimated 0.2% and the prior 0.4%. This could potentially impact the performance of ETFs like EWG and VGK that have exposure to the German market.
July 31, 2023 | 6:01 am
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NEGATIVE IMPACT
The ETF EWG, which has exposure to the German market, could be negatively impacted by the lower than expected retail sales in Germany.
EWG is an ETF that tracks the performance of the German equity market. Lower than expected retail sales suggest a potential slowdown in the German economy, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF VGK, which has exposure to European markets including Germany, could be negatively impacted by the lower than expected retail sales in Germany.
VGK is an ETF that tracks the performance of the European equity market, including Germany. Lower than expected retail sales suggest a potential slowdown in the German economy, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60