France Harmonised Index of Consumer Prices (MoM) Preliminary -0.3% Vs. -0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) showed a preliminary monthly decrease of 0.3%, which is lower than the estimated 0.1% decrease and the prior month's increase of 0.2%.
November 30, 2023 | 7:50 am
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NEUTRAL IMPACT
The preliminary decrease in France's HICP could indicate lower inflationary pressures, potentially impacting the iShares MSCI France ETF (EWQ) as it reflects the French market.
The HICP is a measure of inflation, and a lower-than-expected decrease suggests that inflationary pressures might be easing. This could have a mixed impact on EWQ, as it could be seen as positive for consumer purchasing power, but also might suggest a slowing economy. The exact impact on EWQ will depend on broader market interpretations and subsequent economic data.
CONFIDENCE 75
IMPORTANCE 60
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