Euro Zone Growth Exceeds Expectations: ETFs in Focus
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Economic Growth in Eurozone: The Eurozone's GDP grew by 0.1% in the last quarter, surpassing expectations, with strong performances from Spain, France, and Ireland offsetting declines in Germany and Italy. Year-on-year growth reached 1.4%, indicating steady momentum despite global trade uncertainties.
Impact on ECB Policy: The European Central Bank may be nearing the end of its interest rate cuts due to this economic resilience, with only a 50% chance of another cut by December. However, uncertainties remain regarding trade agreements and potential inflation drops that could prompt further rate adjustments.
Analyst Views on EWP
Wall Street analysts forecast EWP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 54.570
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
