Eurozone Consumer Price Index (YoY) Preliminary For October 2.9% Vs. 3.1% Est.; 4.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (YoY) preliminary for October is reported at 2.9%, lower than the estimated 3.1% and the prior 4.3%.
October 31, 2023 | 10:06 am
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The lower than expected Eurozone CPI may impact VGK, an ETF that tracks European stocks.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. A lower than expected CPI indicates a slower inflation rate, which could lead to a less aggressive monetary policy by the European Central Bank. This could potentially impact the performance of European stocks and, consequently, VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80