Eurozone Consumer Price Index (YoY) Preliminary For August 5.3% Vs. 5.1% Est.; 5.3% Prior; Consumer Price Index (MoM) 0.6% Vs. -0.1% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for August has exceeded estimates, with a year-on-year (YoY) increase of 5.3% against the estimated 5.1%, and a month-on-month (MoM) increase of 0.6% against the estimated decrease of 0.1%. The YoY CPI was the same as the prior month, while the MoM CPI improved from the prior month's decrease of 0.1%.
August 31, 2023 | 9:03 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The higher than expected Eurozone CPI may impact the Vanguard FTSE Europe ETF (VGK), as it indicates inflationary pressures in the Eurozone economy, which could influence the European Central Bank's monetary policy decisions.
The Eurozone CPI is a key indicator of inflationary pressures in the Eurozone economy. Higher than expected figures suggest increased inflation, which could lead the European Central Bank to tighten monetary policy. This could impact the performance of European stocks, and therefore the VGK ETF, which tracks the performance of the European stock market. However, the exact impact will depend on various factors, including the ECB's response and market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75