Germany ZEW Current Conditions For September -79.4% Vs. -75 Est.; -71.3 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's ZEW Current Conditions for September came in at -79.4%, worse than the estimated -75 and the prior -71.3.
September 12, 2023 | 9:02 am
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NEGATIVE IMPACT
The worse than expected ZEW Current Conditions in Germany could negatively impact the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German stock market. The worse than expected ZEW Current Conditions indicates a potential economic slowdown in Germany, which could lead to a decrease in the value of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100