Germany Consumer Price Index (YoY) For September 1.6% Vs. 1.6% Est.; 1.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The German Consumer Price Index (CPI) for September remained steady at 1.6% year-over-year, matching both the previous month's figure and market expectations.
October 11, 2024 | 6:06 am
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The German CPI data for September, which remained at 1.6% YoY, aligns with expectations and may indicate stability in the German economy. This could positively impact the iShares MSCI Germany ETF (EWG), which tracks the performance of the German stock market.
The CPI data suggests stable inflation in Germany, which is a key economic indicator. Stability in inflation can lead to positive investor sentiment towards German equities, potentially benefiting EWG, an ETF that tracks the German market.
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