Germany Trade Balance For April 22.1B Vs. 22.6B Est.; 22.3B Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's trade balance for April was reported at 22.1 billion euros, slightly below the estimated 22.6 billion euros and the prior month's 22.3 billion euros.
June 07, 2024 | 6:03 am
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Germany's trade balance for April was reported at 22.1 billion euros, missing the estimate of 22.6 billion euros and down from the prior month's 22.3 billion euros. This could indicate a slight economic slowdown, potentially impacting the iShares MSCI Germany ETF (EWG).
The lower-than-expected trade balance suggests a potential economic slowdown in Germany, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG) in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80