Eurozone Trade Balance For July 6.5B Vs. 23B Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone trade balance for July was reported at 6.5 billion euros, significantly lower than the prior figure of 23 billion euros.
September 15, 2023 | 9:01 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the lower Eurozone trade balance, as it reflects the economic health of the region.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. A lower trade balance in the Eurozone, which indicates a decrease in exports relative to imports, could signal a weakening economy. This could negatively impact the performance of VGK in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80