Eurozone Core Consumer Price Index (YoY) For December 3.4% Vs. 3.4% Est.; 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (CPI) year-over-year for December remained at 3.4%, which was in line with estimates and slightly lower than the previous value of 3.6%.
January 17, 2024 | 10:11 am
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NEUTRAL IMPACT
VGK, an ETF that tracks European equities, may experience indirect impact due to the steady Eurozone Core CPI, as inflation rates can influence ECB policy decisions and economic health perceptions.
The Eurozone Core CPI is a key indicator of inflation, which central banks use to make policy decisions. A steady CPI aligns with estimates, suggesting no immediate pressure for policy changes. This could maintain the status quo for European equities, including those in the VGK ETF. However, the impact is indirect and other factors could also drive VGK's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50