Eurozone June CPI +5.3 YoY vs 5.3% Est, +5.5% In June
Portfolio Pulse from Charles Gross
The Consumer Price Index (CPI) in the Eurozone for June has matched the estimated 5.3%, which is a slight decrease from 5.5% in May.
July 31, 2023 | 9:04 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the Eurozone's CPI data, as it reflects the economic health of the region.
The CPI data is a key indicator of inflation and economic health. As VGK is an ETF that tracks the performance of the European market, changes in the Eurozone's economic indicators could potentially affect its performance. However, as the CPI has matched the estimates, the impact might be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75