Reported Earlier, Eurozone Trade Balance For April 15.0B Vs. 17.0B Est.; 24.1B Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's trade balance for April was reported at 15.0 billion euros, falling short of the estimated 17.0 billion euros and significantly lower than the prior month's 24.1 billion euros.
June 14, 2024 | 9:52 am
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The Eurozone's trade balance for April was reported at 15.0 billion euros, missing the estimated 17.0 billion euros and significantly lower than the prior month's 24.1 billion euros. This could negatively impact the Vanguard FTSE Europe ETF (VGK) as it reflects economic weakness in the Eurozone.
The lower-than-expected trade balance indicates weaker economic performance in the Eurozone, which could negatively affect the Vanguard FTSE Europe ETF (VGK) that tracks European stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80