Germany Unemployment Change For September 10K Vs. 15K Est.; 18K Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's unemployment change for September was 10K, lower than the estimated 15K and the prior 18K.
September 29, 2023 | 7:55 am
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POSITIVE IMPACT
The lower than expected unemployment change in Germany may positively impact the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German stock market. Lower unemployment generally indicates a healthier economy, which can lead to increased consumer spending and corporate profits. This can boost the performance of the stocks in the ETF, and therefore the ETF itself.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100