Germany Business Expectations For August 82.6 Vs. 83.8 Est.; 83.6 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's business expectations for August came in at 82.6, lower than the estimated 83.8 and the prior figure of 83.6.
August 25, 2023 | 8:02 am
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NEGATIVE IMPACT
The lower than expected business expectations 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 stock market. Lower than expected business expectations suggest 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) may also be negatively impacted due to its exposure to the German market.
The Vanguard FTSE Europe ETF (VGK) has exposure to the German market. Lower than expected business expectations in Germany could potentially impact the performance of the ETF negatively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75