Eurozone Consumer Price Index Preliminary (MoM) -0.1% Vs. 0.3% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) has shown a preliminary month-on-month decrease of 0.1%, which is lower than the estimated 0.3% and the prior 0.3%.
July 31, 2023 | 9:05 am
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The Vanguard FTSE Europe ETF (VGK) may be impacted by the lower than expected Eurozone CPI, as it reflects the economic health of the region.
The Eurozone CPI is a key economic indicator that reflects the inflation rate and economic health of the region. A lower than expected CPI indicates a slower economic growth, which may negatively impact the performance of VGK, an ETF that tracks the performance of the European stock market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80