France Consumer Price Index (MoM) Preliminary For February 0.8% Vs. 0.7% Est.; -0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Consumer Price Index (CPI) for February showed a month-on-month increase of 0.8%, surpassing the estimated 0.7% and marking a significant rebound from the previous month's -0.3%.
February 29, 2024 | 7:47 am
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The higher-than-expected CPI in France suggests rising inflation, which could impact consumer spending and economic growth, potentially affecting the performance of the iShares MSCI France ETF (EWQ).
The CPI is a key indicator of inflation and economic health. A higher-than-expected CPI suggests rising inflation, which can have mixed effects on stock markets and ETFs like EWQ. While it may signal a growing economy, it also raises concerns about potential central bank actions to curb inflation, such as interest rate hikes, which can dampen market enthusiasm.
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