Eurozone Consumer Price Index (YoY) For September 0.3% Vs. 0.3% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for September was reported at 0.3%, in line with estimates but lower than the 0.5% reported in the previous month.
October 18, 2023 | 9:02 am
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NEUTRAL IMPACT
The reported Eurozone CPI, which is in line with estimates but lower than the previous month, may impact VGK, an ETF that tracks European stocks.
The Eurozone CPI is a key economic indicator that can influence the performance of European stocks. As VGK tracks these stocks, any significant changes in the CPI can impact the ETF. However, as the CPI was in line with estimates, the impact may be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75