Germany Business Expectations For July 86.9 Vs. 89.0 Est.; 88.8 (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's business expectations for July fell to 86.9, below the estimated 89.0 and the revised prior figure of 88.8. This decline indicates a potential slowdown in the German economy.
July 25, 2024 | 8:05 am
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Germany's business expectations for July fell to 86.9, below the estimated 89.0 and the revised prior figure of 88.8. This decline indicates a potential slowdown in the German economy, which could negatively impact the iShares MSCI Germany ETF (EWG).
The decline in business expectations suggests a potential economic slowdown in Germany. As EWG is an ETF that tracks the performance of the German equity market, negative economic indicators could lead to a decrease in its value.
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IMPORTANCE 80
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