France Harmonised Index of Consumer Prices (MoM) Preliminary 0.9% Vs. 0.7% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
France's Harmonised Index of Consumer Prices (HICP) for the month showed a preliminary increase of 0.9%, surpassing the estimated 0.7% and reversing the prior month's decline of -0.2%.
February 29, 2024 | 7:48 am
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The higher-than-expected increase in France's HICP may signal rising inflation, potentially impacting the iShares MSCI France ETF (EWQ) positively in the short term.
Higher inflation rates can be a sign of a growing economy, which might lead to increased consumer spending and potentially higher corporate earnings for companies within the EWQ ETF. However, prolonged inflation could also lead to higher interest rates, which might negatively impact stocks in the longer term.
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