France Gross Domestic Product (YoY) 0.9% Vs. 0.9% Est.; 0.8% Prior; Gross Domestic Product (QoQ) For Q2 0.5% Vs. 0.5% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's year-on-year Gross Domestic Product (GDP) for Q2 came in at 0.9%, matching estimates and showing an increase from the prior 0.8%. The quarter-on-quarter GDP for Q2 was 0.5%, also in line with estimates, and up from the previous 0.1%.
August 31, 2023 | 6:49 am
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POSITIVE IMPACT
The iShares MSCI France ETF (EWQ) could see some movement as France's GDP figures for Q2 came in line with estimates, showing an increase from the previous quarter.
The iShares MSCI France ETF (EWQ) tracks the investment results of an index composed of French equities. As such, it is directly impacted by the economic performance of France. The GDP figures, which came in line with estimates and showed an increase from the previous quarter, could be seen as a positive sign for the French economy and, by extension, for EWQ.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100