Germany GfK Consumer Climate For September -25.5 Vs. -24.3 Est.; -24.6 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's GfK Consumer Climate for September is reported at -25.5, which is lower than the estimated -24.3 and the prior -24.6.
August 29, 2023 | 6:06 am
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NEGATIVE IMPACT
The lower than expected GfK Consumer Climate 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. A lower than expected GfK Consumer Climate 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) 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. A lower than expected GfK Consumer Climate in Germany could indicate a potential slowdown in the German economy, which could negatively impact the performance of the ETF.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75