U.K. Employment Change 3M/3M (MoM) For July -207K Vs. -185K Est.; -66K Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. employment change for July was -207K, worse than the estimated -185K and the prior figure of -66K.
September 12, 2023 | 6:01 am
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NEGATIVE IMPACT
The worse than expected U.K. employment change for July could negatively impact the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. The worse than expected employment change data indicates a weakening U.K. economy, which could negatively impact the performance of U.K. equities and therefore the EWU ETF.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100