Germany Consumer Price Index (YoY) For September 4.5% Vs. 4.5% Est.; 6.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Consumer Price Index (CPI) for September was reported at 4.5%, in line with estimates, but lower than the previous figure of 6.1%.
October 11, 2023 | 6:01 am
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NEUTRAL IMPACT
The iShares MSCI Germany ETF (EWG) may be impacted by the reported CPI, as it reflects the performance of the German economy.
The CPI is a key economic indicator that can influence market sentiment. Although the CPI came in as expected, it was lower than the previous figure, which could signal a slowing economy. As EWG tracks the performance of the German market, this news could impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80