Germany Factory Orders (MoM) For September 0.2% Vs. -1% Est.; 1.9% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's factory orders for September have increased by 0.2%, beating the estimated decrease of -1%. The prior figure was revised to 1.9%.
November 06, 2023 | 7:03 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be positively impacted by the better-than-expected factory orders data from Germany.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. Better-than-expected factory orders data indicates a stronger economy, which could lead to improved performance of the German equity market and, by extension, the EWG ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80