ECB's De Guindos Says Latest Data From July And August Point Towards Economic Deceleration In Q3 And Probably In Q4; We Need To Keep Working To Bring Inflation Back To 2% Target; Latest Data From Inflation In August Have Been Very Similar To July
Portfolio Pulse from Happy Mohamed
ECB's Vice President Luis de Guindos has indicated that recent data from July and August suggest an economic deceleration in Q3 and possibly Q4. He emphasized the need to continue efforts to bring inflation back to the 2% target, noting that inflation data from August was very similar to July.
August 31, 2023 | 4:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the economic deceleration in Europe as indicated by ECB's De Guindos. The ETF, which tracks European stocks, may see a decrease in value if the economic slowdown materializes.
VGK tracks the performance of the FTSE Developed Europe All Cap Index, which measures the investment return of stocks issued by companies located in the major markets of Europe. If the European economy decelerates as warned by ECB's De Guindos, it could negatively impact the performance of these stocks and consequently, the value of VGK.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80