Germany Current Assessment For August 89 Vs. 90 Est.; 91.3 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's current assessment for August has been reported at 89, which is lower than the estimated 90 and the prior figure of 91.3.
August 25, 2023 | 8:02 am
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NEGATIVE IMPACT
The lower than expected current assessment in Germany may negatively impact the performance of the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. A lower than expected current assessment indicates a potential slowdown in the German economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK), which includes German equities, may also be negatively impacted by the lower than expected current assessment in Germany.
The Vanguard FTSE Europe ETF (VGK) includes German equities in its portfolio. A lower than expected current assessment in Germany could indicate a potential slowdown in the German economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75