National Australia Bank Business Confidence For July 2 Vs. -1 Est.; -1 Prior
Portfolio Pulse from Benzinga Newsdesk
National Australia Bank's business confidence index for July came in at 2, beating the estimated -1 and improving from the prior -1.
August 08, 2023 | 3:52 am
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POSITIVE IMPACT
The positive business confidence index from National Australia Bank may have a positive impact on EWA, an ETF that tracks the performance of the Australian market.
EWA, an ETF that tracks the performance of the Australian market, could be positively impacted by the higher than expected business confidence index from National Australia Bank. This is because a higher business confidence index generally indicates a more favorable business environment, which could lead to better performance of the Australian market and hence EWA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70