Eurozone Gross Domestic Product Preliminary (YoY) 0.5% Vs. 0.6% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's preliminary Gross Domestic Product (GDP) year-on-year growth rate is reported at 0.5%, lower than the estimated 0.6% and the prior rate of 1.1%.
September 07, 2023 | 9:02 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The lower than expected Eurozone GDP growth rate may negatively impact VGK, an ETF that tracks European stocks.
VGK, an ETF that tracks European stocks, is likely to be negatively impacted by the lower than expected Eurozone GDP growth rate. This is because a lower GDP growth rate may indicate a slowing economy, which can negatively affect the performance of stocks in the region.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80