France Harmonised Index of Consumer Prices (MoM) For September -1.3% Vs. -1.2% Est.; 1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Harmonised Index of Consumer Prices (HICP) in France for September decreased by 1.3% month-over-month, which is slightly more than the estimated decrease of 1.2%. The previous month's HICP was at 1.2%.
October 15, 2024 | 7:01 am
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NEGATIVE IMPACT
The France Harmonised Index of Consumer Prices (HICP) for September fell by 1.3%, slightly more than the expected 1.2% decrease. This could affect the iShares MSCI France ETF (EWQ), which tracks the French market.
The larger-than-expected decrease in France's HICP suggests potential economic challenges, which could negatively impact the performance of EWQ, an ETF that tracks the French market. Investors might anticipate lower consumer spending and economic activity.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80