Germany Trade Balance For August 16.6B Vs. 15.0B Est.; 15.9B Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's trade balance for August was reported at 16.6 billion, higher than the estimated 15.0 billion and the prior figure of 15.9 billion.
October 05, 2023 | 6:00 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be positively impacted by the higher than expected trade balance in Germany for August.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. A higher than expected trade balance indicates a strong economy, which is likely to boost investor confidence in German equities and, by extension, the EWG ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100