Eurozone Consumer Price Index (YoY) Preliminary For October 2.0% Vs. 1.9% Est.; 1.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The Eurozone Consumer Price Index (CPI) for October has increased to 2.0% year-over-year, surpassing the estimated 1.9% and the previous 1.7%. This indicates rising inflation in the Eurozone.
October 31, 2024 | 10:09 am
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The increase in Eurozone CPI to 2.0% may impact the Vanguard FTSE Europe ETF (VGK) as it reflects rising inflation in the Eurozone, potentially affecting European equities.
VGK, which tracks European equities, may be influenced by the rising inflation in the Eurozone as indicated by the CPI increase. However, the direct impact on VGK's price is uncertain as it depends on how European markets react to inflation data.
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