Eurozone Consumer Price Index (YoY) Preliminary For September 4.3% Vs. 4.5% Est.; 5.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (YoY) preliminary for September is reported at 4.3%, lower than the estimated 4.5% and the prior 5.2%.

September 29, 2023 | 9:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The lower than expected Eurozone CPI may impact VGK, an ETF that tracks European stocks.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. A lower than expected CPI indicates a slower inflation rate, which could lead to a less aggressive monetary policy by the European Central Bank. This could potentially be negative for European stocks and hence VGK in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80