Eurozone Gross Domestic Product (QoQ) Preliminary For Q3 -0.1% Vs. 0.0% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's preliminary Gross Domestic Product (GDP) for Q3 has decreased by 0.1% quarter-on-quarter, missing the estimated 0.0% and falling from the prior 0.1%.
October 31, 2023 | 10:08 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may be impacted by the decrease in Eurozone's GDP as it tracks the performance of many European companies.
VGK tracks the performance of many European companies. A decrease in the Eurozone's GDP indicates a slowing economy, which could negatively impact the performance of these companies and, consequently, VGK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80