France Consumer Price Index (MoM) Preliminary For September -0.5% Vs. -0.3% Est.; 1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's preliminary Consumer Price Index (CPI) for September has decreased by 0.5%, which is more than the estimated decrease of 0.3%. The prior figure was 1%.
September 29, 2023 | 6:46 am
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NEGATIVE IMPACT
The French CPI's larger than expected decrease may negatively impact the iShares MSCI France ETF (EWQ) in the short term.
The Consumer Price Index (CPI) is a key economic indicator. A larger than expected decrease in the CPI indicates a slowing economy, which can negatively impact the stock market and, by extension, ETFs like EWQ that track the French market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100