Germany Current Assessment For July 87.1 Vs. 88.5 Est.; 88.3 Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's current assessment for July came in at 87.1, below the estimated 88.5 and the prior 88.3. This indicates a potential slowdown in the German economy.
July 25, 2024 | 8:06 am
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The iShares MSCI Germany ETF (EWG) may experience short-term pressure due to Germany's current assessment for July coming in below expectations, indicating a potential economic slowdown.
The lower-than-expected current assessment for Germany suggests a potential economic slowdown, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG) in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100