France Gross Domestic Product (YoY) For Q2 1.0% Vs. 1.1% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's GDP growth for Q2 was reported at 1.0% year-over-year, slightly below the estimated 1.1% and the previous quarter's 1.1%.
August 30, 2024 | 6:52 am
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NEGATIVE IMPACT
The iShares MSCI France ETF (EWQ) may experience slight pressure due to France's Q2 GDP growth coming in below expectations at 1.0% YoY.
EWQ, an ETF that tracks French equities, could be impacted by the lower-than-expected GDP growth, as it reflects slower economic expansion which may affect corporate earnings and investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80