France Harmonised Index of Consumer Prices (MoM) For December 0.1% Vs. 0.1% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The France Harmonised Index of Consumer Prices (HICP) for December showed a month-on-month increase of 0.1%, which was in line with estimates and an improvement from the -0.2% reported in the previous month.
January 12, 2024 | 7:47 am
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The France HICP data indicates a stable inflation environment in France, which could have a neutral to slightly positive impact on the iShares MSCI France ETF (EWQ) in the short term.
The HICP is a measure of inflation, and stable inflation is generally seen as a positive sign for the economy. Since EWQ tracks a broad range of French equities, stable inflation suggests a favorable economic environment for these companies. However, as the data was in line with expectations, the impact may be muted as markets may have already priced in this information.
CONFIDENCE 75
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RELEVANCE 70