Germany Gross Domestic Product (QoQ) For Q4 -0.3% Vs. -0.3% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Gross Domestic Product (GDP) for Q4 showed a contraction of 0.3%, aligning with estimates but indicating a slight worsening from the -0.1% seen in the previous quarter. This data suggests a weakening in the German economy during the last quarter.
February 23, 2024 | 7:04 am
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NEGATIVE IMPACT
The contraction in Germany's GDP for Q4 may lead to negative sentiment towards German equities, potentially impacting the iShares MSCI Germany ETF (EWG).
Given that EWG tracks the investment results of an index composed of German equities, the reported contraction in Germany's GDP for Q4 could lead to a decrease in investor confidence in the German market, potentially causing a short-term negative impact on EWG's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80