France Consumer Price Index (MoM) Preliminary for October 0.1% Vs. 0.2% Est.; -0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
France's preliminary Consumer Price Index (CPI) for October came in at 0.1%, lower than the estimated 0.2% and significantly higher than the previous month's -0.5%.
October 31, 2023 | 7:47 am
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NEGATIVE IMPACT
The lower than expected CPI in France could impact the iShares MSCI France ETF (EWQ) as it reflects the performance of the French economy.
The Consumer Price Index (CPI) is a key indicator of economic health. A lower than expected CPI suggests weaker inflation, which could be a sign of a slowing economy. This could negatively impact the performance of the iShares MSCI France ETF (EWQ), which tracks the French market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100