France Consumer Price Index (MoM) For August 0.5% Vs. 0.6% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Consumer Price Index (CPI) in France for August increased by 0.5% month-over-month, which is below the estimated 0.6% but higher than the previous month's 0.2%.
September 13, 2024 | 6:46 am
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NEUTRAL IMPACT
The France Consumer Price Index (CPI) for August rose by 0.5%, which is below expectations. This could indicate a slower inflation rate than anticipated, potentially affecting the performance of the iShares MSCI France ETF (EWQ).
The CPI data is a key economic indicator that can influence market sentiment and the performance of country-specific ETFs like EWQ. A lower-than-expected CPI suggests slower inflation, which might lead to mixed market reactions. However, the impact on EWQ is not direct or immediate, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70