Eurozone Core Consumer Price Index (YoY) Preliminary 4.5% Vs. 4.8% Est.; 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (YoY) preliminary report shows a decrease to 4.5% from the previous 5.3%, which is also lower than the estimated 4.8%.
September 29, 2023 | 9:02 am
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NEGATIVE IMPACT
The lower than expected Eurozone Core CPI may impact the Vanguard FTSE Europe ETF (VGK), as it reflects the economic health of the region.
The Eurozone Core CPI is a key indicator of inflation and economic health. A lower than expected figure suggests a slower economic growth, which may negatively impact the performance of VGK, an ETF that tracks the European market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80