Eurozone Unemployment Rate For July Unchanged At 6.4% Vs. 6.4% Est.; 6.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The unemployment rate in the Eurozone remained steady at 6.4% in July, matching both the estimate and the prior rate.
August 31, 2023 | 9:03 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the steady unemployment rate in the Eurozone.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. The steady unemployment rate in the Eurozone suggests a stable economic environment, which could influence the performance of VGK. However, the unemployment rate is just one of many factors that can affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75