Eurozone Gross Domestic Product (QoQ) Preliminary For Q2 0.3% Vs. 0.2% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) for Q2 grew by 0.3% quarter-over-quarter, surpassing the estimated 0.2% and matching the prior quarter's growth rate.
July 30, 2024 | 9:14 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.3% in Q2, surpassing estimates, is likely to positively impact the Vanguard FTSE Europe ETF (VGK), which has significant exposure to European markets.
VGK, being an ETF that tracks European markets, is likely to benefit from the better-than-expected GDP growth in the Eurozone. This positive economic indicator suggests a healthier economic environment, which could lead to higher corporate earnings and stock prices within the region.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80