Eurozone Consumer Price Index (MoM) Preliminary For January -0.4% Vs. 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Eurozone Consumer Price Index (CPI) for January showed a decrease of 0.4%, compared to a prior increase of 0.2%.
February 01, 2024 | 10:03 am
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NEGATIVE IMPACT
The preliminary decrease in Eurozone CPI may influence VGK, reflecting broader economic trends in the region.
VGK, which tracks European equities, may be negatively impacted in the short term by the preliminary decrease in the Eurozone CPI. This is because a lower CPI could signal weaker consumer spending and economic slowdown, potentially affecting company revenues and investor sentiment in the region.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80