France Consumer Spending (MoM) For December 0.3% Vs. 0.3% Est.; 0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's Consumer Spending for December remained stable at 0.3%, matching the estimated figure and showing no change from the previous month's revised figure of 0.6%.
January 30, 2024 | 6:31 am
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NEUTRAL IMPACT
The iShares MSCI France ETF (EWQ) may see a neutral impact as France's Consumer Spending aligns with estimates, indicating a stable economic environment.
Since the consumer spending data came in as expected, there is no surprise element to cause significant market movement. The data suggests economic stability in France, which is where EWQ is focused. However, as this is a single economic indicator and matches expectations, it is unlikely to have a strong impact on the ETF's price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70