France Harmonised Index of Consumer Prices (MoM) Preliminary 0.6% Vs. 0.5% 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 0.6%, surpassing both the estimated 0.5% and the previous month's 0.2%.
April 30, 2024 | 6:51 am
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The higher-than-expected HICP in France could signal rising inflation, potentially impacting the EWQ ETF that tracks French equities.
The increase in the Harmonised Index of Consumer Prices indicates higher inflation, which can have mixed effects on equities. For EWQ, which tracks French stocks, higher inflation could lead to expectations of monetary policy tightening, affecting stock prices. However, the direct impact on EWQ may be moderated by other economic factors and market sentiment.
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