U.K. Halifax House Price Index (MoM) For July -0.3% Vs. 0.0% Est.; -0.1% Prior; Halifax House Price Index (YoY) For July -2.4% Vs. -3.8% Est.; -2.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for July shows a month-on-month decrease of 0.3%, compared to an estimate of 0.0% and a prior figure of -0.1%. The year-on-year index for July also decreased by 2.4%, compared to an estimate of -3.8% and a prior figure of -2.6%.
August 07, 2023 | 6:01 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the decrease in the U.K. Halifax House Price Index, as it reflects the performance of the U.K. economy.
The U.K. Halifax House Price Index is a key indicator of the health of the U.K. housing market and, by extension, the overall U.K. economy. A decrease in the index could indicate a weakening economy, which could negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU), as it is designed to track the performance of the U.K. equity market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80