Eurozone Trade Balance For August 4.6B Vs. 17.8B Est.; 21.2B Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's trade balance for August was reported at 4.6 billion euros, significantly below the estimated 17.8 billion euros and the previous month's 21.2 billion euros.
October 17, 2024 | 9:02 am
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The Eurozone's trade balance for August was significantly lower than expected, which could impact the Vanguard FTSE Europe ETF (VGK) as it reflects economic conditions in Europe.
VGK is an ETF that tracks European stocks, and a lower-than-expected trade balance suggests weaker economic conditions in the Eurozone, which could negatively impact European equities and, consequently, VGK's performance.
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