France Gross Domestic Product (QoQ) For Q2 0.2% Vs. 0.3% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
France's GDP for Q2 grew by 0.2%, which is below the estimated 0.3% but matches the prior quarter's growth rate.
August 30, 2024 | 6:52 am
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NEGATIVE IMPACT
The iShares MSCI France ETF (EWQ) may experience a slight negative impact due to France's Q2 GDP growth of 0.2%, which is below the expected 0.3%.
EWQ, an ETF that tracks French equities, could be negatively impacted as the GDP growth rate of 0.2% is below expectations, potentially signaling weaker economic performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80