Germany Trade Balance For June 20.4B Vs. 21.7B Est.; 24.9B Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's trade balance for June came in at 20.4 billion euros, missing the estimated 21.7 billion euros and down from the prior 24.9 billion euros.
August 07, 2024 | 6:04 am
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Germany's trade balance for June was 20.4 billion euros, below the estimated 21.7 billion euros and the previous 24.9 billion euros. This could negatively impact the iShares MSCI Germany ETF (EWG) as it reflects a potential slowdown in Germany's economic activity.
The lower-than-expected trade balance suggests a potential slowdown in Germany's economic activity, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG). Investors may react to this news by selling off shares, leading to a short-term decline in the ETF's price.
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