Eurozone Consumer Price Index (MoM) For September 4.3% Vs. 4.3% Est.; 5.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for September was reported at 4.3%, matching the estimated figure but lower than the prior figure of 5.2%.
October 18, 2023 | 9:02 am
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NEUTRAL IMPACT
The reported Eurozone CPI for September, which matches the estimate but is lower than the prior figure, may impact VGK, an ETF that tracks European stocks.
The CPI is a key economic indicator that can influence market sentiment. While the figure is in line with estimates, it is lower than the previous month, indicating a slowdown in inflation. This could have mixed implications for VGK, as it could signal a slowing economy but also potentially less pressure for interest rate hikes.
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