Germany Consumer Price Index (YoY) For July 6.2% Vs. 6.2% Est.; 6.4% Prior; Consumer Price Index (MoM) For July 0.3% Vs. 0.3% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Consumer Price Index (CPI) for July came in line with estimates at 6.2% YoY and 0.3% MoM, matching the prior figures. ETFs EWG and VGK could be impacted by this data.
August 08, 2023 | 6:01 am
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NEUTRAL IMPACT
Germany's CPI data for July, which matches estimates, could impact the performance of the EWG ETF.
The EWG ETF, which tracks the performance of the German equity market, could be influenced by the country's economic indicators such as the CPI. As the data came in line with estimates, it may not cause significant volatility but could still impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
The VGK ETF, which includes exposure to Germany, could be influenced by the country's CPI data for July.
The VGK ETF, which tracks European stocks including German equities, could be impacted by economic indicators from Germany like the CPI. As the data matches estimates, it may not cause significant market movements but could still affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60