Germany Gross Domestic Product (QoQ) Preliminary For Q2 -0.1% Vs. 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Gross Domestic Product (GDP) for Q2 has decreased by 0.1% quarter-over-quarter, missing the estimated growth of 0.1% and down from the previous quarter's growth of 0.2%.
July 30, 2024 | 8:01 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may experience short-term downward pressure due to Germany's Q2 GDP contracting by 0.1%, missing the expected growth of 0.1% and down from the previous quarter's 0.2% growth.
The contraction in Germany's GDP is a negative economic indicator, which could lead to decreased investor confidence in German equities, thereby impacting the iShares MSCI Germany ETF (EWG).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80