Eurozone Gross Domestic Product (QoQ) For Q1 0.3% Vs. 0.3% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) for Q1 grew by 0.3% quarter-over-quarter, matching the estimated growth and improving from the previous quarter's 0.0% growth.
June 07, 2024 | 9:01 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 growth in the Eurozone, which is positive for European stocks tracked by VGK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80