Germany Retail Sales (MoM) For October 1.1% Vs. 0.4% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Retail Sales for October showed a significant increase of 1.1%, surpassing the estimated 0.4% and rebounding from the previous month's decline of -0.8%.
November 30, 2023 | 7:00 am
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POSITIVE IMPACT
The iShares MSCI Germany ETF (EWG) may see positive movement as Germany's Retail Sales outperform expectations, indicating a healthier economy.
The iShares MSCI Germany ETF (EWG) tracks the investment results of an index composed of German equities. The better-than-expected retail sales data suggests a stronger consumer market and economic health in Germany, which could lead to increased investor confidence in German equities and, by extension, in EWG.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80