Eurozone Gross Domestic Product (QoQ) Preliminary For Q4 0.0% Vs. -0.1% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Eurozone GDP for Q4 showed no growth at 0.0%, which is slightly better than the estimated -0.1% and equal to the prior quarter's figure.
January 30, 2024 | 10:32 am
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POSITIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may see a neutral to slightly positive impact as the Eurozone GDP data is better than expected, indicating stability in the European economy.
VGK, which tracks the European stock market, is likely to be influenced by economic indicators such as GDP. The report showing no contraction could ease fears of a slowdown, potentially leading to a modestly positive investor sentiment towards European equities in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70