Chinese Unemployment Rate June 5.2% Same As Forecast; Unchanged From Prior 5.2%
Portfolio Pulse from Benzinga Newsdesk
The unemployment rate in China for June remained unchanged at 5.2%, which was in line with forecasts. This could potentially impact the iShares China Large-Cap ETF (FXI).
July 17, 2023 | 4:31 am
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NEUTRAL IMPACT
The unchanged unemployment rate in China could potentially impact the iShares China Large-Cap ETF (FXI).
The unemployment rate is a key economic indicator that can influence the performance of country-specific ETFs. In this case, the iShares China Large-Cap ETF (FXI) could be impacted by the steady unemployment rate in China. However, as the rate remained as forecasted, the impact might be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
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