France Harmonised Index of Consumer Prices (MoM) Preliminary For August 0.6% Vs. 0.5% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The preliminary Harmonised Index of Consumer Prices (HICP) for France in August increased by 0.6% month-over-month, surpassing the estimated 0.5% and the previous month's 0.2%.
August 30, 2024 | 6:52 am
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The iShares MSCI France ETF (EWQ) may experience short-term volatility due to the higher-than-expected increase in France's HICP for August, indicating rising inflation.
The higher-than-expected inflation rate in France could lead to market speculation about potential economic impacts, affecting the iShares MSCI France ETF (EWQ). However, the direct impact on EWQ may be limited as it is a diversified ETF.
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