Eurozone ZEW Economic Sentiment For August 17.9 Vs. 35.4 Est.; 43.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone ZEW Economic Sentiment for August came in at 17.9, significantly below the estimated 35.4 and the prior 43.7. This indicates a sharp decline in economic confidence within the Eurozone.
August 13, 2024 | 9:17 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Eurozone ZEW Economic Sentiment for August fell sharply to 17.9, below expectations. This negative sentiment could impact the Vanguard FTSE Europe ETF (VGK), which is exposed to European markets.
The significant drop in Eurozone economic sentiment suggests a decline in investor confidence and potential economic slowdown, which could negatively impact European equities and ETFs like VGK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80