Eurozone Gross Domestic Product (YoY) Preliminary 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 rate and showing an improvement from the prior quarter's 0.4% growth.
August 14, 2024 | 9:16 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.6% in Q2, matching estimates 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 GDP growth rate meeting expectations and showing improvement from the previous quarter suggests economic stability and potential growth in the Eurozone, which is beneficial for VGK as it tracks European stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80