Germany Business Expectations For October 84.7 Vs. 83.3 Est.; 83.1 (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's business expectations for October have been reported at 84.7, surpassing the estimated 83.3 and the revised prior figure of 83.1.
October 25, 2023 | 8:07 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be impacted by the higher than expected business expectations in Germany for October.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. Therefore, higher than expected business expectations in Germany, which indicate a potentially stronger economy, could lead to an increase in the value of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80