Eurozone PPI July MoM -0.5% vs -0.6% Est; YoY -7.6%, Inline
Portfolio Pulse from Charles Gross
The Eurozone Producer Price Index (PPI) for July has come in at -0.5% month-on-month, better than the estimated -0.6%. However, the year-on-year figure is -7.6%, which is in line with expectations.
September 05, 2023 | 9:03 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the Eurozone PPI data. The better-than-expected MoM figure may provide a short-term boost, while the in-line YoY figure may not have a significant impact.
The VGK ETF, which tracks European stocks, could be influenced by the Eurozone PPI data. A better-than-expected MoM figure could boost investor sentiment, potentially leading to a short-term increase in VGK's price. The YoY figure, being in line with expectations, may not cause significant movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80