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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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.
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