Eurozone ZEW Economic Sentiment For June 51.3 Vs. 47.8 Est.; 47.0 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone ZEW Economic Sentiment for June has come in at 51.3, significantly higher than the estimated 47.8 and the prior 47.0. This indicates improved economic confidence in the Eurozone.
June 18, 2024 | 9:43 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The Eurozone ZEW Economic Sentiment for June has surpassed expectations, which is a positive indicator for the Vanguard FTSE Europe ETF (VGK) as it reflects improved economic confidence in the Eurozone.
The better-than-expected ZEW Economic Sentiment suggests a more optimistic economic outlook for the Eurozone, which is likely to benefit the Vanguard FTSE Europe ETF (VGK) as it is heavily invested in European stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80