France Gross Domestic Product (YoY) Preliminary For Q4 0.7% Vs. 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Gross Domestic Product (GDP) for Q4 showed a preliminary year-over-year increase of 0.7%, slightly higher than the previous 0.6%.
January 30, 2024 | 6:32 am
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POSITIVE IMPACT
The iShares MSCI France ETF (EWQ) may see a positive impact as France's Q4 GDP growth exceeds expectations, indicating a potentially stronger French economy.
As EWQ tracks the investment results of an index composed of French equities, better-than-expected GDP growth suggests a healthier economic environment, which could lead to increased investor confidence in French stocks and potentially drive up EWQ's price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80