Eurozone Gross Domestic Product Preliminary (YoY) (Q2) 0.6% Vs. 0.5% Est.; 1.1% Prior; Gross Domestic Product (QoQ) (Q2) 0.3% Vs. 0.2% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) for Q2 has outperformed estimates, with a year-on-year increase of 0.6% compared to the estimated 0.5%, and a quarter-on-quarter increase of 0.3% against the estimated 0.2%. The prior quarter had no growth.
July 31, 2023 | 9:01 am
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POSITIVE IMPACT
The better-than-expected Eurozone GDP growth could positively impact VGK, an ETF that tracks the performance of the European stock market.
VGK, an ETF that tracks the performance of the European stock market, could benefit from the better-than-expected Eurozone GDP growth. Stronger economic performance often leads to increased investor confidence, which can drive up stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80