U.K. Business Investment Preliminary (QoQ) For Q2 3.4% Vs. 0.8% Est.; 3.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Business Investment Preliminary for Q2 has been reported at 3.4%, significantly higher than the estimated 0.8% and the prior figure of 3.3%.
August 11, 2023 | 6:07 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be positively impacted by the higher than expected U.K. Business Investment Preliminary for Q2.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. The higher than expected U.K. Business Investment Preliminary for Q2 indicates a stronger U.K. economy, which could lead to a rise in U.K. equities and therefore a potential increase in the value of EWU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80