Eurozone Core Consumer Price Index (YoY) Preliminary 3.1% Vs. 2.9% Est.; 3.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Core Consumer Price Index (CPI) for the year-over-year preliminary report showed an increase to 3.1%, compared to the estimated 2.9% and the previous 3.3%.
March 01, 2024 | 10:08 am
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The increase in the Eurozone Core CPI may lead to expectations of tighter monetary policy, potentially impacting VGK's performance.
VGK, which tracks European stocks, may be impacted by the Eurozone's inflation data as it influences monetary policy decisions. Higher inflation could lead to higher interest rates, affecting stock valuations. However, the impact is uncertain due to various macroeconomic factors.
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