Australia Retail Sales (MoM) (June) -0.8% Vs. 0.0% Est.; 0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's retail sales for June have decreased by 0.8% compared to the previous month, missing the estimated 0.0% change and showing a decline from the prior 0.8% increase.
July 28, 2023 | 4:26 am
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The iShares MSCI Australia ETF (EWA) may be impacted by the decrease in Australia's retail sales for June, as it reflects the performance of the Australian economy.
The iShares MSCI Australia ETF (EWA) tracks the investment results of an index composed of Australian equities. A decrease in retail sales, which is a significant component of the Australian economy, could negatively impact the performance of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80