Eurozone Gross Domestic Product (YoY) Preliminary For Q2 0.6% Vs. 0.6% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's Gross Domestic Product (GDP) for Q2 grew by 0.6% year-over-year, matching the estimated growth and improving from the prior quarter's 0.4% growth.
July 30, 2024 | 9:15 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.6% for Q2, meeting expectations and improving from the previous quarter, is likely to have a positive impact on the Vanguard FTSE Europe ETF (VGK), which tracks European stocks.
The Eurozone's GDP growth meeting expectations and showing improvement from the previous quarter suggests a stable economic environment, which is positive for European stocks tracked by VGK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80