Eurozone Gross Domestic Product (YoY) 0.4% Vs. 0.4% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) grew by 0.4% year-over-year, matching the estimated growth rate and showing an improvement from the prior 0.1% growth.
June 07, 2024 | 9:02 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.4% year-over-year, matching estimates and improving from the prior 0.1%, is likely to have a positive impact on the Vanguard FTSE Europe ETF (VGK).
The Eurozone's GDP growth meeting expectations and showing improvement is a positive economic indicator, which is likely to boost investor confidence in European markets, benefiting ETFs like VGK that are exposed to European equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80