France Harmonised Index of Consumer Prices (MoM) For August 1.1% Vs. 1.1% Est.; 1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) for August was reported at 1.1%, in line with estimates and higher than the 1% reported in the previous month.
September 15, 2023 | 6:53 am
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NEUTRAL IMPACT
The iShares MSCI France ETF (EWQ) could be impacted by the reported inflation rate as it reflects the performance of the French economy.
The HICP is a measure of inflation and reflects the health of an economy. As EWQ tracks the performance of the French market, changes in inflation could impact the ETF. However, as the reported rate was in line with estimates, the immediate impact may be neutral.
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RELEVANCE 75