Germany Gross Domestic Product (QoQ) Q2 -0.1% Vs. -0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's GDP for Q2 decreased by 0.1%, matching estimates and down from a 0.2% increase in the previous quarter. This economic data could impact the iShares MSCI Germany ETF (EWG), which tracks the performance of the German equity market.
August 27, 2024 | 6:17 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may experience short-term volatility due to Germany's Q2 GDP contraction of 0.1%, which aligns with expectations but shows a decline from the previous quarter's growth.
The contraction in Germany's GDP could lead to a negative sentiment towards German equities, which EWG tracks. Although the GDP figure met expectations, the decline from the previous quarter's growth may cause concern among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80