France Harmonised Index of Consumer Prices (MoM) Preliminary For July 0.1% Vs. 0.3% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The France Harmonised Index of Consumer Prices (HICP) for July increased by 0.1% month-over-month, falling short of the 0.3% estimate and the 0.2% increase recorded in the prior month.
July 31, 2024 | 6:51 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The France Harmonised Index of Consumer Prices (HICP) for July increased by 0.1%, below the 0.3% estimate and the 0.2% prior month increase. This could indicate weaker-than-expected inflationary pressures in France, potentially impacting the iShares MSCI France ETF (EWQ).
The lower-than-expected HICP suggests weaker inflationary pressures in France, which could lead to a short-term negative impact on the iShares MSCI France ETF (EWQ) as investors may reassess growth and inflation expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80