Reported Earlier, Eurozone Consumer Price Index (YoY) Preliminary For August 2.2% Vs. 2.2% Est.; 2.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for August was reported at 2.2% year-over-year, matching the estimated figure and showing a decrease from the previous 2.6%.
August 30, 2024 | 10:36 am
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The Eurozone CPI data, which matched estimates and showed a decrease from the previous month, could impact the Vanguard FTSE Europe ETF (VGK) as it reflects economic conditions in Europe.
VGK, which tracks European stocks, may be influenced by the Eurozone CPI data as it reflects inflation trends and economic conditions in Europe. The CPI matching expectations suggests stability, but the decrease from the prior month could indicate slowing inflation, which might have mixed effects on European equities.
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