France Harmonised Index of Consumer Prices (MoM) For November -0.2% Vs. -0.3% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The France Harmonised Index of Consumer Prices (HICP) for November showed a month-on-month decrease of 0.2%, which is slightly better than the estimated 0.3% decrease, but lower than the previous month's 0.2% increase.
December 15, 2023 | 7:47 am
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The France HICP data indicates a smaller than expected decrease in consumer prices, which may suggest a more stable economic environment in France, potentially impacting the iShares MSCI France ETF (EWQ) positively in the short term.
The HICP is a measure of inflation and economic health. A smaller than expected decrease in consumer prices may be viewed as a positive sign for the French economy, which could lead to increased investor confidence in French markets and assets such as EWQ. However, as this is just one economic indicator, the impact may be moderate and other factors could also influence the ETF's performance.
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