Eurozone Unemployment Rate (June) 6.4% Vs. 6.5% Est.; 6.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The unemployment rate in the Eurozone for June was reported at 6.4%, which is lower than the estimated 6.5% and equal to the prior rate.
August 01, 2023 | 9:01 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the lower than expected unemployment rate in the Eurozone.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. A lower than expected unemployment rate in the Eurozone could indicate a stronger economy, which could positively impact the performance of VGK in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80