Germany Unemployment Change For October 30K Vs. 15K Est.; 10K Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's unemployment change for October was reported at 30K, which is higher than the estimated 15K and the previous month's 10K. This could potentially impact the performance of the iShares MSCI Germany ETF (EWG).
November 02, 2023 | 8:57 am
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The higher than expected unemployment change in Germany could negatively impact the iShares MSCI Germany ETF (EWG) as it may indicate a slowing economy.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German market. A higher than expected unemployment change could indicate a slowing economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100