Eurozone Gross Domestic Product (YoY) Preliminary For Q3 0.1% Vs. 0.2% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Gross Domestic Product (GDP) for Q3 in the Eurozone has come in at 0.1%, lower than the estimated 0.2% and the prior 0.5%.
October 31, 2023 | 10:07 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the lower than expected Eurozone GDP growth for Q3.
VGK, which tracks the performance of the FTSE Developed Europe All Cap Index, could be negatively impacted by the lower than expected Eurozone GDP growth for Q3. This is because a lower GDP growth rate could indicate a slowing economy, which may negatively affect the performance of the companies in the index.
CONFIDENCE 90
IMPORTANCE 80
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