Eurozone Consumer Price Index (YoY) For August 5.2% Vs. 5.3% Est.; 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (YoY) for August was reported at 5.2%, slightly below the estimated 5.3% and the prior figure of 5.3%.
September 19, 2023 | 9:01 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) may be impacted by the lower than expected Eurozone CPI data for August.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the FTSE Developed Europe All Cap Index, which includes companies from developed European countries. The Eurozone CPI data is a key economic indicator that can influence the performance of these companies and, consequently, the performance of VGK. However, the slight miss in the CPI data may not have a significant impact on VGK in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75