Germany Consumer Price Index (YoY) For October 3.8% Vs. 3.8% Est.; 4.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Consumer Price Index (CPI) for October was reported at 3.8%, in line with estimates but lower than the previous month's 4.5%.
November 08, 2023 | 7:01 am
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NEUTRAL IMPACT
The reported CPI of 3.8% for October in Germany, which is in line with estimates but lower than the previous month, may impact the performance of the iShares MSCI Germany ETF (EWG).
The CPI is a key economic indicator that can influence market sentiment. While the reported CPI is in line with estimates, it is lower than the previous month, which could signal a slowing inflation rate in Germany. This could potentially impact the performance of the iShares MSCI Germany ETF (EWG), which tracks the performance of the German market.
CONFIDENCE 80
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RELEVANCE 75