Germany ZEW Current Conditions For October -79.9 Vs. -80.9 Est.; -79.4 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's ZEW Current Conditions for October came in at -79.9, slightly better than the estimated -80.9, but worse than the prior figure of -79.4.
October 17, 2023 | 9:06 am
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NEUTRAL IMPACT
The iShares MSCI Germany ETF (EWG) may be impacted by the slightly better than expected ZEW Current Conditions for October.
The ZEW Current Conditions is a significant economic indicator for Germany. While the figure is slightly better than estimates, it is still worse than the prior figure, indicating a mixed economic outlook. This could have a neutral impact on the iShares MSCI Germany ETF (EWG), which tracks the performance of the German equity market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75