Eurozone Gross Domestic Product (QoQ) Preliminary For Q3 0.4% Vs. 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone's GDP for Q3 grew by 0.4%, surpassing the estimated 0.2% and the previous quarter's 0.2% growth. This indicates a stronger-than-expected economic performance in the Eurozone.
October 30, 2024 | 10:07 am
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POSITIVE IMPACT
The Eurozone's GDP growth of 0.4% in Q3, exceeding expectations, is likely to positively impact the Vanguard FTSE Europe ETF (VGK), which is exposed to European markets.
VGK is an ETF that tracks European markets, and stronger-than-expected GDP growth in the Eurozone suggests a healthier economic environment, potentially boosting European equities and VGK's performance.
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IMPORTANCE 70
RELEVANCE 80