Eurozone Jul CPI -0.1% on Month; +5.3% on Year; Inline; Eurozone Jul Core CPI -0.1% on Month; +5.5% on Year; Inline
Portfolio Pulse from Charles Gross
The Eurozone's Consumer Price Index (CPI) for July was reported to be -0.1% on a monthly basis and +5.3% on an annual basis, which is in line with expectations. The core CPI, which excludes volatile items, was also -0.1% on the month and +5.5% on the year, also in line with expectations.
August 18, 2023 | 9:02 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 data being in line with expectations suggests stability in the Eurozone economy.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. Therefore, any significant economic data from the Eurozone, such as the CPI, can impact the ETF. In this case, the CPI data being in line with expectations suggests that the Eurozone economy is stable, which could have a neutral impact on VGK in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75