Eurozone Gross Domestic Product Preliminary (QoQ) For Q2 0.1% Vs. 0.3% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's preliminary Gross Domestic Product (GDP) for Q2 has come in at 0.1%, lower than the estimated 0.3% and the prior figure of 0.0%.
September 07, 2023 | 9:01 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the lower than expected Eurozone GDP growth for Q2.
VGK, which tracks the performance of the FTSE Developed Europe All Cap Index, could be negatively impacted by the lower than expected Eurozone GDP growth for Q2. This is because a lower GDP growth rate could indicate a slower economic recovery in the Eurozone, which could affect the performance of companies in the index and, consequently, VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80