Eurozone Core CPI YoY For Sep 4.5% Vs 4.8% Est'; Core CPI MoM 0.2% Vs 0.3% Prior Month
Portfolio Pulse from Charles Gross
The Eurozone Core CPI YoY for September was reported at 4.5%, lower than the estimated 4.8%. The Core CPI MoM was also lower at 0.2% compared to 0.3% in the prior month.
September 29, 2023 | 9:05 am
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NEGATIVE IMPACT
The lower than expected Eurozone Core CPI data may impact the performance of the Vanguard FTSE Europe ETF (VGK), which tracks the performance of the European stock market.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. Lower than expected inflation data may lead to a decrease in the value of the ETF as it could indicate a slower economic growth in the Eurozone, which could negatively impact the performance of the European stock market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80