France Consumer Spending (MoM) For November 0.7% Vs. -0.1% Est.; -0.9% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Consumer Spending for November showed a significant increase of 0.7%, surpassing the -0.1% estimate and rebounding from the -0.9% figure reported previously.
January 12, 2024 | 7:46 am
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POSITIVE IMPACT
The positive report on France's Consumer Spending could indicate a healthier economy, potentially leading to a short-term positive impact on the iShares MSCI France ETF (EWQ).
As EWQ tracks a market-cap-weighted index of French equities, better-than-expected consumer spending figures suggest a robust economic environment, which can lead to increased investor confidence in French markets and potentially drive up the ETF's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80