Germany Trade Balance For September 16.5B Vs. 16.3B Est.; 17.7B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's trade balance for September was reported at 16.5 billion, slightly higher than the estimated 16.3 billion but lower than the revised prior figure of 17.7 billion.
November 03, 2023 | 7:24 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be impacted by the reported trade balance, as it is lower than the revised prior figure.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German stock market. A lower than expected trade balance could indicate a slowing economy, which may negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100