Germany ZEW Economic Sentiment For October -1.1 Vs. -9.3 Est.; -11.4 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's ZEW Economic Sentiment for October came in at -1.1, better than the estimated -9.3 and the previous -11.4. This indicates an improvement in the economic outlook for Germany.
October 17, 2023 | 9:07 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) could be positively impacted by the improved ZEW Economic Sentiment, as it indicates a better economic outlook for Germany.
The ZEW Economic Sentiment is a leading indicator of economic health. A higher than expected reading should be taken as positive for the EWG as the outlook for economic growth is a major influence on financial markets.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80