Eurozone ZEW Economic Sentiment For September -8.9 Vs. -6.2 Est.; -5.5 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone ZEW Economic Sentiment for September has been reported at -8.9, which is worse than the estimated -6.2 and the prior figure of -5.5.
September 12, 2023 | 9:03 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be negatively impacted by the worse than expected Eurozone ZEW Economic Sentiment for September.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the FTSE Developed Europe All Cap Index, which includes companies from developed European countries. A worse than expected Eurozone ZEW Economic Sentiment indicates a pessimistic outlook for the economy, which could negatively impact the performance of the companies in the index and therefore VGK.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100