Eurozone Consumer Price Index (MoM) For October 0.1% Vs. 0.1% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for October showed a month-on-month increase of 0.1%, which is in line with the estimated 0.1% and lower than the previous 0.3%.
November 17, 2023 | 10:01 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Eurozone CPI data aligns with estimates, indicating a stable inflation rate which may have a neutral impact on VGK, an ETF that tracks European equities.
Since the CPI data came in as expected, there are no surprises that would significantly alter investor expectations for the Eurozone economy. VGK, which includes a broad range of European equities, is likely to remain stable in the short term as the data suggests a continuation of the current economic environment without indicating any immediate inflationary pressures that would necessitate a change in monetary policy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70