France Consumer Price Index (MoM) Preliminary For August 1% Vs. 0.8% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's preliminary Consumer Price Index (CPI) for August has come in at 1%, beating the estimate of 0.8% and significantly higher than the prior figure of 0.1%.
August 31, 2023 | 6:48 am
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POSITIVE IMPACT
The higher-than-expected CPI in France could potentially impact the iShares MSCI France ETF (EWQ), as it reflects the health of the French economy.
The CPI is a key indicator of economic health. A higher-than-expected CPI indicates inflation, which could lead to increased interest rates. This could potentially impact the performance of the EWQ ETF, which tracks the French market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80