Eurozone Sep CPI MoM 0.3% vs 0.3% Est; Core CPI MoM 0.2% vs 0.2% Est
Portfolio Pulse from Charles Gross
The Eurozone's September Consumer Price Index (CPI) and Core CPI both met estimates, with a month-on-month increase of 0.3% and 0.2% respectively.
October 18, 2023 | 9:03 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the Eurozone's CPI data, as it reflects the economic health of the region.
The Eurozone's CPI data is a key indicator of inflation and economic health. As VGK tracks the performance of a index that measures the investment return of stocks issued by companies located in major markets of Europe, the ETF could be influenced by this data. However, as the data met estimates, the impact may be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75