Australia Trade Balance (June) 11.321B Vs. 11B Est.; 10.497B Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's trade balance for June was reported at 11.321B, beating the estimated 11B and the prior figure of 10.497B.
August 04, 2023 | 12:34 pm
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POSITIVE IMPACT
The better than expected trade balance in Australia may positively impact the iShares MSCI Australia ETF (EWA).
The trade balance is a key economic indicator that can influence the performance of country-specific ETFs. A higher than expected trade balance suggests a stronger economy, which can attract more investors to the ETF, potentially driving its price up.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80