Eurozone Gross Domestic Product (YoY) Preliminary For Q3 0.1% Vs. 0.1% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Eurozone Gross Domestic Product (GDP) year-over-year (YoY) growth for Q3 came in at 0.1%, which is in line with the estimates and represents a decrease from the prior 0.5%.
November 14, 2023 | 10:07 am
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NEUTRAL IMPACT
VGK, an ETF that tracks European equities, may experience limited short-term impact as the Q3 GDP growth aligns with estimates, indicating no surprise to the market.
Since the Eurozone GDP growth came in as expected, there is no new information that would likely cause a significant change in investor sentiment towards European equities. VGK, which includes a broad range of European stocks, may thus see a neutral short-term impact as the data confirms market expectations without providing a positive or negative surprise.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70