France Harmonised Index of Consumer Prices (MoM) Preliminary 1.1% Vs. 0.9% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) has shown a preliminary month-on-month increase of 1.1%, exceeding the estimated 0.9% and significantly higher than the prior 0.0%.
August 31, 2023 | 6:50 am
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NEUTRAL IMPACT
The higher than expected HICP in France may impact the iShares MSCI France ETF (EWQ), as it reflects the economic conditions in France.
The HICP is a measure of inflation and reflects the economic conditions in a country. A higher than expected HICP indicates a potential increase in inflation, which could impact the overall economy and, in turn, the performance of stocks and ETFs related to that economy. In this case, the iShares MSCI France ETF (EWQ), which tracks the French market, could be impacted.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100