Eurozone Gross Domestic Product (YoY) Preliminary For Q1 0.3% Vs. 0.3% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) for Q1 grew by 0.3% year-over-year, matching the estimated growth and improving from the previous quarter's -0.1% contraction.
May 15, 2024 | 9:27 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.3% in Q1, matching estimates and improving from the previous quarter, is likely to have a positive impact on the Vanguard FTSE Europe ETF (VGK), which tracks European stocks.
The GDP growth indicates economic stability and potential for growth in the Eurozone, which is beneficial for VGK as it tracks European stocks. The improvement from the previous quarter's contraction further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80