France Harmonised Index of Consumer Prices (MoM) For September -0.6% Vs. -0.6% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) for September has been reported at -0.6%, in line with estimates, but lower than the 1.1% reported in the prior month.
October 13, 2023 | 6:46 am
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NEUTRAL IMPACT
The reported HICP for France, which is in line with estimates but lower than the prior month, may have a neutral to slightly negative impact on the iShares MSCI France ETF (EWQ) in the short term.
The HICP is a key indicator of inflation and economic health. While the reported figure is in line with estimates, indicating that the market may have already priced in this information, it is lower than the prior month, which could suggest a slowing economy. This could have a neutral to slightly negative impact on EWQ, which tracks a market-cap-weighted index of French stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80