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
IMPORTANCE 60
RELEVANCE 75