Germany Consumer Price Index (MoM) Preliminary For October 0.0% Vs. 0.2% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's preliminary Consumer Price Index (CPI) for October came in at 0.0%, missing the estimated 0.2% and lower than the previous 0.3%.
October 30, 2023 | 1:11 pm
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NEGATIVE IMPACT
The lower than expected CPI in Germany could potentially impact the performance of the iShares MSCI Germany ETF (EWG).
The Consumer Price Index (CPI) is a key economic indicator that can influence market sentiment. A lower than expected CPI indicates a slower rate of inflation, which could potentially weaken the country's currency and impact the performance of ETFs that track the country's stock market, such as the iShares MSCI Germany ETF (EWG).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80