Eurozone Unemployment Rate For September 6.5% Vs. 6.4% Est.; 6.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The unemployment rate in the Eurozone for September was reported at 6.5%, slightly higher than the estimated 6.4% and the prior rate of 6.4%.
November 03, 2023 | 10:00 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the higher than expected unemployment rate in the Eurozone for September.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. A higher than expected unemployment rate in the Eurozone could negatively impact the performance of the ETF as it indicates a weaker economy, potentially leading to lower corporate earnings and stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80