Germany Consumer Price Index (YoY) For August 1.9% vs. 1.9% Est.; 2.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Consumer Price Index (CPI) for August remained steady at 1.9% year-over-year, matching expectations and showing a decrease from the previous 2.3%. This stability in inflation could impact German-focused ETFs like EWG.
September 10, 2024 | 6:06 am
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The iShares MSCI Germany ETF (EWG) may experience stability in its price as Germany's CPI for August meets expectations at 1.9%, down from 2.3% previously. This suggests stable inflation in Germany.
The CPI data indicates stable inflation in Germany, which is a key economic indicator for the German market. As EWG is an ETF focused on German equities, stable inflation suggests no immediate economic shocks, likely leading to stable ETF prices.
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